| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $80M | $99M | 37.9% | 11.7% |
| Op. Income | $16M | $4M | $19M | 271.0% | -13.9% |
| Gross Margin | 37.2% | 35.0% | 40.3% | 2.2pp | -3.1pp |
| Net Margin | 12.5% | -0.4% | 11.9% | 12.9pp | 0.6pp |
| EPS (Diluted) | $0.08 | $-0.00 | $0.07 | 4964.7% | 19.2% |
| Free Cash Flow | -$26M | $12M | $36M | -310.9% | -172.7% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $2M |
| Operating Expenses | $25M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $16M |
| Interest Income | $76.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $974.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $70M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $2M |
| Operating Expenses | $25M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $16M |
| Interest Income | $76.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $974.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$28.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $59.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $113M |
| Inventory | $57M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $190M |
| PP&E (Net) | $42M |
| Goodwill | $70M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $448M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $605M |
| TOTAL ASSETS | $795M |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $132M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $138M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $489M |
| Retained Earnings | $112M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $575M |
| Minority Interest | $0 |
| TOTAL EQUITY | $575M |
| TOTAL LIABILITIES & EQUITY | $795M |
| Total Debt | $132M |
| Net Debt | $127M |
