| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $45M | $45M | -1.7% | -2.7% |
| Op. Income | $3M | $5M | $1M | -38.1% | 134.4% |
| Gross Margin | 51.2% | 55.5% | 45.3% | -4.3pp | 5.8pp |
| Net Margin | 5.7% | 9.4% | 2.4% | -3.7pp | 3.3pp |
| EPS (Diluted) | $0.26 | $0.43 | $0.11 | -39.5% | 136.4% |
| Free Cash Flow | -$10M | $7M | -$12M | -238.6% | 18.5% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $267.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $3M |
| Interest Income | $37M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $814.0K |
| 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 | $693.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $267.0K |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $3M |
| Interest Income | $37M |
| Interest Expense | $20M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $814.0K |
| 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 | $693.0K |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $693.0K |
| Stock-Based Compensation | $508.0K |
| Deferred Income Tax | $29.0K |
| Other Non-Cash Items | -$13M |
| Change in Working Capital | -$148.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$575.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$115M |
| NET CASH FROM INVESTING | -$147M |
| Net Debt Issuance | $104M |
| Common Stock Repurchased | -$481.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13M |
| NET CASH FROM FINANCING | $117M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $232M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $252M |
| PP&E (Net) | $24M |
| Goodwill | $30M |
| Intangible Assets | $1M |
| Long-Term Investments | $2.7B |
| Tax Assets | $3M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.5B |
| TOTAL CURRENT LIABILITIES | $2.5B |
| Long-Term Debt | $208M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $2.8B |
| Common Stock | $0 |
| Additional Paid-In Capital | $193M |
| Retained Earnings | $66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$754.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $259M |
| Minority Interest | $0 |
| TOTAL EQUITY | $259M |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $208M |
| Net Debt | -$24M |
