| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $54M | $52M | $48M | 3.2% | 11.0% |
| Op. Income | $6M | $10M | $8M | -36.9% | -23.3% |
| Gross Margin | 31.8% | 42.8% | 29.8% | -11.0pp | 2.0pp |
| Net Margin | -6.3% | -25.6% | 7.4% | 19.4pp | -13.7pp |
| EPS (Diluted) | $-0.12 | $-0.48 | $0.14 | 75.0% | -185.7% |
| Free Cash Flow | $32M | $5M | $40M | 552.9% | -20.2% |
| Item | Amount |
|---|---|
| REVENUE | $54M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $11M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $34.0K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$1M |
| EBITDA | $232.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $685.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$111M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$268.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$410.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$678.0K |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $113M |
| Net Receivables | $400M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $670M |
| PP&E (Net) | $0 |
| Goodwill | $55M |
| Intangible Assets | $25M |
| Long-Term Investments | $971M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $10M |
| Short-Term Debt | $5M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.4B |
| Long-Term Debt | $91M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $238M |
| TOTAL NON-CURRENT LIABILITIES | $329M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $121M |
| Additional Paid-In Capital | $9M |
| Retained Earnings | -$64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $96M |
| Net Debt | -$27M |
