| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $289M | $298M | $288M | -3.0% | 0.4% |
| Op. Income | $7M | $15M | $28M | -53.1% | -74.5% |
| Gross Margin | 18.1% | 18.3% | 21.0% | -0.3pp | -2.9pp |
| Net Margin | -1.9% | 0.4% | 5.2% | -2.3pp | -7.1pp |
| EPS (Diluted) | $-0.04 | $0.01 | $0.13 | -540.2% | -134.5% |
| Free Cash Flow | $48M | -$60M | -$55M | 180.8% | 188.1% |
| Item | Amount |
|---|---|
| REVENUE | $289M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $52M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $11M |
| Operating Expenses | $45M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $48M |
| EBIT | $8M |
| EBITDA | $56M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $89M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$31M |
| Other Financing Activities | -$426.0K |
| NET CASH FROM FINANCING | -$38M |
| FREE CASH FLOW | $48M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $186M |
| Inventory | $70M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $1.6B |
| Goodwill | $137M |
| Intangible Assets | $198M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $91M |
| Short-Term Debt | $36M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $215M |
| Long-Term Debt | $492M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $241M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $762M |
| TOTAL LIABILITIES | $976M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $552M |
| Net Debt | $474M |
