| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $46M | $47M | $41M | -2.8% | 11.1% |
| Op. Income | $8M | $13M | $10M | -41.3% | -22.1% |
| Gross Margin | 24.5% | 35.6% | 33.3% | -11.1pp | -8.8pp |
| Net Margin | 11.4% | 19.0% | 14.7% | -7.6pp | -3.3pp |
| EPS (Diluted) | $1.26 | $2.16 | $1.47 | -41.7% | -14.3% |
| Free Cash Flow | $10M | -$335.0K | $10M | 3084.2% | 2.6% |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $204.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $236.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $8M |
| Interest Income | $236.0K |
| Interest Expense | $739.0K |
| Other Income/Expenses | -$481.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $236.0K |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $46M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $204.0K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $236.0K |
| Operating Expenses | $4M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $8M |
| Interest Income | $236.0K |
| Interest Expense | $739.0K |
| Other Income/Expenses | -$481.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $236.0K |
| EBIT | $8M |
| EBITDA | $8M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $236.0K |
| Stock-Based Compensation | $284.0K |
| Deferred Income Tax | -$29.0K |
| Other Non-Cash Items | $17.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$161.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$161.0K |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $32M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $945.0K |
| Other Current Assets | $363.0K |
| TOTAL CURRENT ASSETS | $55M |
| PP&E (Net) | $6M |
| Goodwill | $95.0K |
| Intangible Assets | $435.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $666.0K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $63M |
| Account Payables | $8M |
| Short-Term Debt | $2M |
| Deferred Revenue | $715.0K |
| Other Current Liabilities | $517.0K |
| TOTAL CURRENT LIABILITIES | $18M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $69M |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $17M |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $54M |
| Net Debt | $22M |
