| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $55M | $47M | $30M | 16.7% | 86.5% |
| Op. Income | $12M | $14M | $10M | -12.8% | 23.3% |
| Gross Margin | 77.8% | 90.9% | 87.7% | -13.1pp | -9.9pp |
| Net Margin | 24.7% | 23.8% | 19.7% | 0.8pp | 5.0pp |
| EPS (Diluted) | $0.21 | $0.18 | $0.10 | 18.4% | 106.0% |
| Free Cash Flow | $11M | $2M | $31M | 614.9% | -62.8% |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $11M |
| Operating Expenses | $31M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| 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 | $20M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $55M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $43M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $11M |
| Operating Expenses | $31M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $16M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $13M |
| 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 | $20M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$17M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $310M |
| Net Receivables | $41M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $383M |
| PP&E (Net) | $39M |
| Goodwill | $111M |
| Intangible Assets | $101M |
| Long-Term Investments | $40M |
| Tax Assets | $6M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $307M |
| TOTAL ASSETS | $689M |
| Account Payables | $2M |
| Short-Term Debt | $5M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $146M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $572.0K |
| Other Non-Current Liabilities | $93M |
| TOTAL NON-CURRENT LIABILITIES | $261M |
| TOTAL LIABILITIES | $310M |
| Common Stock | $3.6K |
| Additional Paid-In Capital | $422M |
| Retained Earnings | $20M |
| Treasury Stock | -$62M |
| Accum. Other Comp. Income | -$895.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $380M |
| Minority Interest | -$361.8K |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $689M |
| Total Debt | $180M |
| Net Debt | $160M |
