| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $34M | $35M | 1.5% | -2.8% |
| Op. Income | $2M | $9M | $9M | -81.5% | -82.1% |
| Gross Margin | 56.8% | 56.5% | 61.7% | 0.3pp | -4.9pp |
| Net Margin | -0.3% | 17.2% | 17.6% | -17.6pp | -17.9pp |
| EPS (Diluted) | $-0.00 | $0.25 | $0.26 | -101.9% | -101.8% |
| Free Cash Flow | -$4M | $4M | $2M | -213.4% | -373.5% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $2M |
| Interest Income | $21.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $581.0K |
| Income Tax Expense | $687.0K |
| Net Income from Continuing Ops | -$106.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106.0K |
| D&A | $2M |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$106.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $307.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $83.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$73.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $42M |
| Goodwill | $66M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $116M |
| TOTAL ASSETS | $141M |
| Account Payables | $7M |
| Short-Term Debt | $4M |
| Deferred Revenue | $16M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $77M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $181M |
| Retained Earnings | -$17M |
| Treasury Stock | -$143M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $141M |
| Total Debt | $81M |
| Net Debt | $76M |
