| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $86M | $76M | 2.9% | 16.8% |
| Op. Income | $19M | $12M | $15M | 61.1% | 27.0% |
| Gross Margin | 64.1% | 56.4% | 65.6% | 7.8pp | -1.5pp |
| Net Margin | 15.5% | 10.9% | 14.5% | 4.6pp | 1.0pp |
| EPS (Diluted) | $0.52 | $0.35 | $0.43 | 48.6% | 20.9% |
| Free Cash Flow | -$200M | -$61M | -$27M | -229.0% | -649.2% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $8M |
| Operating Expenses | $38M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $19M |
| Interest Income | $37M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $274.0K |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $57M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $30M |
| SG&A Expenses | $30M |
| Other Expenses | $8M |
| Operating Expenses | $38M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $19M |
| Interest Income | $37M |
| Interest Expense | $23M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $274.0K |
| EBIT | $19M |
| EBITDA | $19M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $274.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$205M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$200M |
| Capital Expenditure | -$54.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$45M |
| NET CASH FROM INVESTING | -$45M |
| Net Debt Issuance | $52M |
| Common Stock Repurchased | -$167.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $117M |
| NET CASH FROM FINANCING | $164M |
| FREE CASH FLOW | -$200M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $190M |
| Short-Term Investments | $0 |
| Net Receivables | $61M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $252M |
| PP&E (Net) | $2M |
| Goodwill | $14M |
| Intangible Assets | $587.0K |
| Long-Term Investments | $1.7B |
| Tax Assets | $190.0K |
| Other Non-Current Assets | $155M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $0 |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.1B |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $582M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $655M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $525.0K |
| Additional Paid-In Capital | $222M |
| Retained Earnings | $70M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $312M |
| Minority Interest | $0 |
| TOTAL EQUITY | $312M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $660M |
| Net Debt | $470M |
