| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $38M | $39M | $40M | -3.3% | -5.3% |
| Op. Income | $15M | $15M | $18M | 5.3% | -12.8% |
| Gross Margin | 66.0% | 64.0% | 65.7% | 1.9pp | 0.3pp |
| Net Margin | 29.3% | 26.8% | 31.8% | 2.5pp | -2.5pp |
| EPS (Diluted) | $0.82 | $0.78 | $0.97 | 5.1% | -15.5% |
| Free Cash Flow | $15M | $11M | $11M | 40.8% | 35.3% |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $123.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $15M |
| Interest Income | $38M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $299.0K |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $38M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $123.0K |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $4M |
| Operating Expenses | $10M |
| Cost & Expenses | $23M |
| OPERATING INCOME | $15M |
| Interest Income | $38M |
| Interest Expense | $13M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $299.0K |
| EBIT | $15M |
| EBITDA | $16M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $299.0K |
| Stock-Based Compensation | $970.0K |
| Deferred Income Tax | -$106.0K |
| Other Non-Cash Items | -$402.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$751.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $357.0K |
| Other Investing Activities | -$69M |
| NET CASH FROM INVESTING | -$71M |
| Net Debt Issuance | $135M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$107M |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $30M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.5B |
| TOTAL CURRENT LIABILITIES | $1.5B |
| Long-Term Debt | $135M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $158M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $140.0K |
| Additional Paid-In Capital | $112M |
| Retained Earnings | $230M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $220.0K |
| Other Equity | -$6M |
| TOTAL STOCKHOLDERS' EQUITY | $337M |
| Minority Interest | $0 |
| TOTAL EQUITY | $337M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $140M |
| Net Debt | $81M |
