| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $154M | $144M | 14.7% | 22.5% |
| Op. Income | $777.0K | -$45.0K | $2M | 1826.7% | -65.8% |
| Gross Margin | 25.8% | 22.6% | 20.6% | 3.3pp | 5.2pp |
| Net Margin | -18.2% | -3.0% | -1.9% | -15.3pp | -16.4pp |
| EPS (Diluted) | $-0.40 | $-0.07 | $-0.04 | -466.6% | -900.0% |
| Free Cash Flow | -$16M | -$8M | -$2M | -96.4% | -857.4% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $46M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $8M |
| Operating Expenses | $45M |
| Cost & Expenses | $175M |
| OPERATING INCOME | $777.0K |
| Interest Income | $721.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | -$6M |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $8M |
| EBIT | -$32M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $49M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $528.0K |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $27M |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $211M |
| PP&E (Net) | $50M |
| Goodwill | $201M |
| Intangible Assets | $126M |
| Long-Term Investments | $43M |
| Tax Assets | $6M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $429M |
| TOTAL ASSETS | $641M |
| Account Payables | $17M |
| Short-Term Debt | $119M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $227M |
| Long-Term Debt | $80M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $124M |
| TOTAL LIABILITIES | $352M |
| Common Stock | $101.0K |
| Additional Paid-In Capital | $422M |
| Retained Earnings | $274M |
| Treasury Stock | -$302M |
| Accum. Other Comp. Income | -$200M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $282M |
| Minority Interest | $7M |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $641M |
| Total Debt | $208M |
| Net Debt | $147M |
