| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $40M | $35M | 9.9% | 27.4% |
| Op. Income | $30M | $28M | -$13M | 7.6% | 335.6% |
| Gross Margin | 83.1% | 83.0% | 80.5% | 0.2pp | 2.6pp |
| Net Margin | 53.6% | 46.7% | -32.5% | 6.9pp | 86.1pp |
| EPS (Diluted) | $0.12 | $0.10 | $-0.08 | 21.4% | 254.5% |
| Free Cash Flow | $33M | $41M | $28M | -18.0% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $37M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $30M |
| Interest Income | $451.6K |
| Interest Expense | $821.4K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $30M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $37M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $30M |
| Interest Income | $451.6K |
| Interest Expense | $821.4K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $29M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $6M |
| EBIT | $30M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$995.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$456.0K |
| NET CASH FROM INVESTING | -$19M |
| Net Debt Issuance | -$40M |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $10M |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $102M |
| PP&E (Net) | $1.2B |
| Goodwill | $82M |
| Intangible Assets | $0 |
| Long-Term Investments | $95M |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $90M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $152M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $59M |
| Retained Earnings | -$373M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$91M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $41M |
| Net Debt | -$8M |
