| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $44M | $54M | 18.8% | -2.7% |
| Op. Income | $10M | $4M | $7M | 149.1% | 35.4% |
| Gross Margin | 71.3% | 66.7% | 68.1% | 4.6pp | 3.2pp |
| Net Margin | 14.8% | 6.9% | 10.6% | 7.9pp | 4.2pp |
| EPS (Diluted) | $0.43 | $0.17 | $0.31 | 152.9% | 38.7% |
| Free Cash Flow | -$39M | $26M | -$40M | -245.4% | 3.0% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $746.0K |
| General & Administrative | $500.0K |
| SG&A Expenses | $1M |
| Other Expenses | $26M |
| Operating Expenses | $28M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $10M |
| Interest Income | $29M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $560.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $746.0K |
| General & Administrative | $500.0K |
| SG&A Expenses | $1M |
| Other Expenses | $26M |
| Operating Expenses | $28M |
| Cost & Expenses | $43M |
| OPERATING INCOME | $10M |
| Interest Income | $29M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $560.0K |
| EBIT | $10M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $560.0K |
| Stock-Based Compensation | $106.0K |
| Deferred Income Tax | $375.0K |
| Other Non-Cash Items | -$44M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$59.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$13M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $70M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $12M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $219M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $282M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $147M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $0 |
| Short-Term Debt | $256M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $210M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $275M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $188.0K |
| Additional Paid-In Capital | $84M |
| Retained Earnings | $283M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $341M |
| Minority Interest | $0 |
| TOTAL EQUITY | $341M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $466M |
| Net Debt | $402M |
