| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $174M | $171M | $156M | 1.9% | 12.0% |
| Op. Income | $45M | $38M | $41M | 18.2% | 9.7% |
| Gross Margin | 48.4% | 48.2% | 47.8% | 0.2pp | 0.6pp |
| Net Margin | 15.4% | 53.9% | 17.7% | -38.6pp | -2.3pp |
| EPS (Diluted) | $0.96 | $3.24 | $0.93 | -70.4% | 3.2% |
| Free Cash Flow | -$8M | $17M | $26M | -145.0% | -130.1% |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $6M |
| Operating Expenses | $39M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $6M |
| EBIT | $45M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $174M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $84M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $6M |
| Operating Expenses | $39M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $6M |
| EBIT | $45M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$630.0K |
| Other Non-Cash Items | $779.0K |
| Change in Working Capital | -$33M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $313M |
| PP&E (Net) | $160M |
| Goodwill | $79M |
| Intangible Assets | $33M |
| Long-Term Investments | $83M |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $395M |
| TOTAL ASSETS | $708M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $43M |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $86.0K |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $279.0K |
| Additional Paid-In Capital | $4M |
| Retained Earnings | -$698M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$686M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$686M |
| TOTAL LIABILITIES & EQUITY | $708M |
| Total Debt | $1.3B |
| Net Debt | $1.0B |
