| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $280M | $275M | $197M | 1.8% | 41.9% |
| Op. Income | $16M | $16M | $10M | 1.5% | 55.5% |
| Gross Margin | 25.5% | 24.0% | 29.8% | 1.5pp | -4.2pp |
| Net Margin | 5.3% | 5.0% | 4.7% | 0.2pp | 0.5pp |
| EPS (Diluted) | $0.11 | $0.11 | $0.07 | 0.0% | 57.1% |
| Free Cash Flow | $31M | $41M | $9M | -23.7% | 258.2% |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $71M |
| R&D Expenses | $15M |
| Selling & Marketing | $30M |
| General & Administrative | $11M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $10M |
| EBIT | $16M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $280M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $71M |
| R&D Expenses | $15M |
| Selling & Marketing | $30M |
| General & Administrative | $11M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $264M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $10M |
| EBIT | $16M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $15M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$978.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$664.0K |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$116.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $266M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $9M |
| Goodwill | $132M |
| Intangible Assets | $84M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $610M |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $869.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $93M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $392M |
| Retained Earnings | $124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$224.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $517M |
| Minority Interest | $0 |
| TOTAL EQUITY | $517M |
| TOTAL LIABILITIES & EQUITY | $610M |
| Total Debt | $8M |
| Net Debt | -$258M |
