| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $172M | $167M | $132M | 3.3% | 30.3% |
| Op. Income | $63M | $63M | $40M | -0.2% | 56.7% |
| Gross Margin | 74.9% | 75.4% | 73.9% | -0.5pp | 1.0pp |
| Net Margin | 33.6% | 36.2% | 27.3% | -2.5pp | 6.4pp |
| EPS (Diluted) | $0.53 | $0.56 | $0.33 | -5.4% | 60.6% |
| Free Cash Flow | $88M | $70M | $59M | 26.3% | 48.7% |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $129M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $63M |
| Interest Income | $5M |
| Interest Expense | $382.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $10M |
| EBIT | $68M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $172M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $129M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $63M |
| Interest Income | $5M |
| Interest Expense | $382.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $10M |
| EBIT | $68M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$3.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $94M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$213M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$131M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $88M |
| Net Change in Cash | -$44M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $507M |
| Net Receivables | $133M |
| Inventory | $39M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $784M |
| PP&E (Net) | $125M |
| Goodwill | $287M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $131M |
| Other Non-Current Assets | $127M |
| TOTAL NON-CURRENT ASSETS | $684M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $146M |
| TOTAL NON-CURRENT LIABILITIES | $168M |
| TOTAL LIABILITIES | $240M |
| Common Stock | $108.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$35M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$762.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $28M |
| Net Debt | -$60M |
