| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $22M | $19M | 33.1% | 55.2% |
| Op. Income | $3M | -$2M | -$4M | 250.9% | 185.1% |
| Gross Margin | 63.8% | 60.9% | 62.2% | 3.0pp | 1.6pp |
| Net Margin | 5.2% | -10.0% | -21.3% | 15.3pp | 26.6pp |
| EPS (Diluted) | $0.08 | $-0.12 | $-0.22 | 167.2% | 136.6% |
| Free Cash Flow | $5M | $4M | $697.0K | 18.6% | 552.9% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $3M |
| Interest Income | $90.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $181.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $1M |
| Operating Expenses | $15M |
| Cost & Expenses | $26M |
| OPERATING INCOME | $3M |
| Interest Income | $90.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $181.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $1M |
| EBIT | $3M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$328.0K |
| Other Non-Cash Items | $765.0K |
| Change in Working Capital | $30.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$10.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$34.0K |
| NET CASH FROM INVESTING | -$44.0K |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$5.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $12.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $662.0K |
| Goodwill | $71M |
| Intangible Assets | $43M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $162.0K |
| TOTAL NON-CURRENT ASSETS | $115M |
| TOTAL ASSETS | $169M |
| Account Payables | $2M |
| Short-Term Debt | $3M |
| Deferred Revenue | $484.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $20.0K |
| Additional Paid-In Capital | $204M |
| Retained Earnings | -$85M |
| Treasury Stock | -$2.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $119M |
| Minority Interest | $0 |
| TOTAL EQUITY | $119M |
| TOTAL LIABILITIES & EQUITY | $169M |
| Total Debt | $29M |
| Net Debt | $12M |
