| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $55M | $54M | -3.0% | -0.6% |
| Op. Income | $9M | $8M | $12M | 5.7% | -28.0% |
| Gross Margin | 40.0% | 35.6% | 38.8% | 4.5pp | 1.3pp |
| Net Margin | 11.7% | 10.8% | 16.1% | 0.9pp | -4.4pp |
| EPS (Diluted) | $0.19 | $0.20 | $0.33 | -7.1% | -42.2% |
| Free Cash Flow | -$72M | -$66M | $37M | -9.1% | -296.3% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $1M |
| Operating Expenses | $13M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $9M |
| Interest Income | $52M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $532.0K |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $1M |
| Operating Expenses | $13M |
| Cost & Expenses | $45M |
| OPERATING INCOME | $9M |
| Interest Income | $52M |
| Interest Expense | $31M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $532.0K |
| EBIT | $9M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $532.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$73M |
| OPERATING CASH FLOW | -$73M |
| Capital Expenditure | $534.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $38M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $42M |
| Net Debt Issuance | $163.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$594.1K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$935.4K |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $249M |
| Short-Term Investments | $77M |
| Net Receivables | $22M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $348M |
| PP&E (Net) | $20M |
| Goodwill | $9M |
| Intangible Assets | $8M |
| Long-Term Investments | $3.3B |
| Tax Assets | $1M |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3.1B |
| TOTAL CURRENT LIABILITIES | $3.1B |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $70.2K |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $229M |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $241M |
| Additional Paid-In Capital | $2M |
| Retained Earnings | $143M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$231.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $386M |
| Minority Interest | $0 |
| TOTAL EQUITY | $386M |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $77M |
| Net Debt | -$172M |
