| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $132M | $131M | 1.5% | 2.3% |
| Op. Income | -$2M | $2M | $28M | -186.6% | -106.0% |
| Gross Margin | 52.3% | 54.6% | 56.5% | -2.3pp | -4.3pp |
| Net Margin | -1.4% | 1.0% | 16.8% | -2.5pp | -18.3pp |
| EPS (Diluted) | $-0.38 | $0.25 | $3.99 | -252.0% | -109.5% |
| Free Cash Flow | $48M | $57M | $53M | -16.5% | -9.4% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $2M |
| General & Administrative | $57M |
| SG&A Expenses | $59M |
| Other Expenses | $13M |
| Operating Expenses | $72M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$2M |
| Interest Income | $119M |
| Interest Expense | $14M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $260.2K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$2M |
| EBITDA | $576.5K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $55M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$918.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$80M |
| NET CASH FROM INVESTING | -$81M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | -$67M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $39M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $26M |
| PP&E (Net) | $92M |
| Goodwill | $7M |
| Intangible Assets | $6M |
| Long-Term Investments | $859M |
| Tax Assets | $32M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.1B |
| Account Payables | $37M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $585M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $697M |
| Common Stock | $0 |
| Additional Paid-In Capital | $274M |
| Retained Earnings | $92M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $366M |
| Minority Interest | $0 |
| TOTAL EQUITY | $366M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $660M |
| Net Debt | $645M |
