| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $187M | $167M | $276M | 12.3% | -32.0% |
| Op. Income | $4M | -$11M | $73M | 138.3% | -94.4% |
| Gross Margin | 45.7% | 44.8% | 57.9% | 0.9pp | -12.2pp |
| Net Margin | -18.0% | -10.6% | 23.8% | -7.4pp | -41.8pp |
| EPS (Diluted) | $-0.18 | $-0.09 | $0.34 | -96.9% | -152.9% |
| Free Cash Flow | $6M | $23M | $16M | -76.0% | -64.1% |
| Item | Amount |
|---|---|
| REVENUE | $187M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $86M |
| R&D Expenses | $44M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $183M |
| OPERATING INCOME | $4M |
| Interest Income | $420.0K |
| Interest Expense | $10M |
| Other Income/Expenses | -$47M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $16M |
| EBIT | -$33M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $193M |
| Common Stock Repurchased | -$855M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $669M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $177M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $524M |
| PP&E (Net) | $347M |
| Goodwill | $203M |
| Intangible Assets | $267M |
| Long-Term Investments | $30M |
| Tax Assets | $62M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $969M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $50M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $396M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $429M |
| TOTAL LIABILITIES | $553M |
| Common Stock | $2M |
| Additional Paid-In Capital | $994M |
| Retained Earnings | -$32M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $937M |
| Minority Interest | $1M |
| TOTAL EQUITY | $939M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $425M |
| Net Debt | $236M |
