| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $14M | $17M | 42.1% | 19.5% |
| Op. Income | $11M | $5M | $9M | 92.5% | 21.0% |
| Gross Margin | 56.3% | 40.8% | 51.1% | 15.4pp | 5.1pp |
| Net Margin | 51.1% | 35.8% | 51.5% | 15.4pp | -0.3pp |
| EPS (Diluted) | $0.36 | $0.35 | $0.35 | 2.9% | 2.9% |
| Free Cash Flow | $24M | -$37M | -$13M | 164.1% | 280.6% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$928.9K |
| Operating Expenses | $588.9K |
| Cost & Expenses | $9M |
| OPERATING INCOME | $11M |
| Interest Income | $24M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $429.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $0 |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$928.9K |
| Operating Expenses | $588.9K |
| Cost & Expenses | $9M |
| OPERATING INCOME | $11M |
| Interest Income | $24M |
| Interest Expense | $9M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $429.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $0 |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $24M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $47M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $988M |
| TOTAL NON-CURRENT ASSETS | $988M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $638M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $649M |
| TOTAL LIABILITIES | $659M |
| Common Stock | $28.4K |
| Additional Paid-In Capital | $392M |
| Retained Earnings | -$17M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $375M |
| Minority Interest | $0 |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $638M |
| Net Debt | $598M |
