| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | — | $26M | — | 28.7% |
| Op. Income | $2M | — | $3M | — | -16.4% |
| Gross Margin | 10.5% | — | 12.7% | — | -2.2pp |
| Net Margin | 5.7% | — | 9.3% | — | -3.7pp |
| EPS (Diluted) | $0.09 | — | $0.11 | — | -20.4% |
| Free Cash Flow | -$646.3K | — | -$4M | — | 82.5% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $4M |
| R&D Expenses | $113.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $2M |
| Interest Income | $20.9K |
| Interest Expense | $62.4K |
| Other Income/Expenses | $5.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $434.7K |
| 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 | $55.9K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $4M |
| R&D Expenses | $113.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $32M |
| OPERATING INCOME | $2M |
| Interest Income | $20.9K |
| Interest Expense | $62.4K |
| Other Income/Expenses | $5.7K |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $434.7K |
| 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 | $55.9K |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $55.9K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$36.6K |
| Other Non-Cash Items | $286.1K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$644.8K |
| Capital Expenditure | -$1.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$15.3K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32.0K |
| NET CASH FROM FINANCING | -$47.3K |
| FREE CASH FLOW | -$646.3K |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $437.1K |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $757.0K |
| TOTAL CURRENT ASSETS | $31M |
| PP&E (Net) | $234.8K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $116.6K |
| Other Non-Current Assets | $154.0K |
| TOTAL NON-CURRENT ASSETS | $505.4K |
| TOTAL ASSETS | $32M |
| Account Payables | $2M |
| Short-Term Debt | $2M |
| Deferred Revenue | $8.0K |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $11M |
| Common Stock | $2.2K |
| Additional Paid-In Capital | $5M |
| Retained Earnings | $16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $246.1K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $32M |
| Total Debt | $4M |
| Net Debt | -$2M |
