| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $130M | $123M | $119M | 5.7% | 9.2% |
| Op. Income | $9M | $14M | $15M | -33.2% | -36.8% |
| Gross Margin | 30.9% | 33.2% | 35.7% | -2.2pp | -4.8pp |
| Net Margin | 0.4% | 3.9% | 5.1% | -3.5pp | -4.7pp |
| EPS (Diluted) | $0.04 | $0.40 | $0.51 | -89.2% | -91.5% |
| Free Cash Flow | $533.0K | $292.0K | -$6M | 82.5% | 108.9% |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $1M |
| Operating Expenses | $31M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $823.0K |
| Net Income from Continuing Ops | $518.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $518.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $518.0K |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $130M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $1M |
| Operating Expenses | $31M |
| Cost & Expenses | $120M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $823.0K |
| Net Income from Continuing Ops | $518.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $518.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $518.0K |
| D&A | $6M |
| EBIT | $9M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $518.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $329.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$42M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $28M |
| Common Stock Repurchased | -$536.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $28M |
| FREE CASH FLOW | $533.0K |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $87M |
| Inventory | $84M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $204M |
| PP&E (Net) | $105M |
| Goodwill | $48M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $400M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $311M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $350M |
| TOTAL LIABILITIES | $429M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | -$104M |
| Retained Earnings | $75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$29M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$29M |
| TOTAL LIABILITIES & EQUITY | $400M |
| Total Debt | $323M |
| Net Debt | $305M |
