| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $45M | $37M | $41M | 22.3% | 11.7% |
| Op. Income | $11M | $5M | $10M | 96.2% | 5.6% |
| Gross Margin | 63.6% | 64.5% | 63.5% | -0.9pp | 0.1pp |
| Net Margin | 5.0% | -1.5% | 0.5% | 6.5pp | 4.5pp |
| EPS (Diluted) | $0.03 | $-0.01 | $0.00 | 501.2% | 1117.9% |
| Free Cash Flow | -$21M | -$2M | $5M | -973.2% | -555.7% |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $947.3K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $8M |
| EBIT | $10M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $45M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $18M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $947.3K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $8M |
| EBIT | $10M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $947.3K |
| Other Non-Cash Items | $852.8K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | -$50.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$40M |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $13.7K |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $752M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $904M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $422M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $469M |
| TOTAL LIABILITIES | $531M |
| Common Stock | $6.6K |
| Additional Paid-In Capital | $346M |
| Retained Earnings | $25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $522.8K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $371M |
| Minority Interest | $1M |
| TOTAL EQUITY | $372M |
| TOTAL LIABILITIES & EQUITY | $904M |
| Total Debt | $428M |
| Net Debt | $401M |
