| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $87M | $86M | -1.7% | 0.2% |
| Op. Income | $4M | $8M | -$2M | -55.6% | 268.8% |
| Gross Margin | 51.9% | 54.7% | 49.4% | -2.8pp | 2.5pp |
| Net Margin | 3.0% | 0.5% | -5.1% | 2.5pp | 8.1pp |
| EPS (Diluted) | $0.17 | $0.03 | $-0.29 | 451.9% | 158.6% |
| Free Cash Flow | $8M | $1M | $9M | 475.9% | -10.2% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $44M |
| R&D Expenses | $8M |
| Selling & Marketing | $8M |
| General & Administrative | $18M |
| SG&A Expenses | $26M |
| Other Expenses | $7M |
| Operating Expenses | $41M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $698.0K |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $7M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $44M |
| R&D Expenses | $8M |
| Selling & Marketing | $8M |
| General & Administrative | $18M |
| SG&A Expenses | $26M |
| Other Expenses | $7M |
| Operating Expenses | $41M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $698.0K |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $7M |
| EBIT | $4M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $128.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$544.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $59M |
| Inventory | $444.0K |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $90M |
| PP&E (Net) | $5M |
| Goodwill | $173M |
| Intangible Assets | $114M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $300M |
| TOTAL ASSETS | $390M |
| Account Payables | $20M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $204M |
| Retained Earnings | -$12M |
| Treasury Stock | -$19M |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $390M |
| Total Debt | $169M |
| Net Debt | $157M |
