| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $46M | $40M | 3.7% | 18.0% |
| Op. Income | $8M | $8M | $4M | 0.1% | 82.1% |
| Gross Margin | 51.6% | 53.2% | 50.6% | -1.6pp | 1.0pp |
| Net Margin | 12.8% | 13.0% | 7.9% | -0.2pp | 4.9pp |
| EPS (Diluted) | $0.25 | $0.25 | $0.14 | 0.0% | 78.6% |
| Free Cash Flow | $6M | $13M | -$3M | -54.2% | 325.7% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $266.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $8M |
| Operating Expenses | $17M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $8M |
| Interest Income | $46M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $266.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $8M |
| Operating Expenses | $17M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $8M |
| Interest Income | $46M |
| Interest Expense | $21M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $1M |
| EBIT | $8M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $945.0K |
| Deferred Income Tax | -$641.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$253.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | -$90M |
| NET CASH FROM INVESTING | -$61M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $37M |
| NET CASH FROM FINANCING | $52M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $97M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $45M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2.8B |
| Tax Assets | $12M |
| Other Non-Current Assets | $53M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $4M |
| Short-Term Debt | $15M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2.0B |
| TOTAL CURRENT LIABILITIES | $2.1B |
| Long-Term Debt | $521M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $571M |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $208M |
| Retained Earnings | $119M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | -$11M |
| TOTAL STOCKHOLDERS' EQUITY | $521M |
| Minority Interest | $0 |
| TOTAL EQUITY | $521M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $567M |
| Net Debt | $440M |
