| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $16M | $6M | -17.5% | 132.2% |
| Op. Income | $5M | $6M | -$10M | -22.4% | 145.7% |
| Gross Margin | 95.0% | 96.6% | 100.0% | -1.6pp | -5.0pp |
| Net Margin | 52.5% | 14.9% | 282.7% | 37.6pp | -230.2pp |
| EPS (Diluted) | $0.44 | $0.07 | $1.25 | 549.0% | -64.8% |
| Free Cash Flow | $6M | $2M | $3M | 190.7% | 134.3% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $658.0K |
| GROSS PROFIT | $12M |
| R&D Expenses | $69.0K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $5M |
| Interest Income | $843.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $7M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $658.0K |
| EBIT | $12M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $658.0K |
| GROSS PROFIT | $12M |
| R&D Expenses | $69.0K |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $9M |
| OPERATING INCOME | $5M |
| Interest Income | $843.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$2M |
| NET INCOME | $7M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $658.0K |
| EBIT | $12M |
| EBITDA | $13M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $658.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$99.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $732.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $1.0K |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$330.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $9M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $587.0K |
| TOTAL CURRENT ASSETS | $105M |
| PP&E (Net) | $314.0K |
| Goodwill | $0 |
| Intangible Assets | $45M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $73M |
| TOTAL NON-CURRENT ASSETS | $119M |
| TOTAL ASSETS | $223M |
| Account Payables | $1M |
| Short-Term Debt | $12M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $20M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $122.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $223M |
| Total Debt | $115M |
| Net Debt | $40M |
