| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $133M | $199M | 30.5% | -12.8% |
| Op. Income | $18M | $11M | $92M | 70.6% | -80.3% |
| Gross Margin | 57.4% | 50.7% | 77.3% | 6.7pp | -19.9pp |
| Net Margin | 18.5% | 82.6% | 32.8% | -64.1pp | -14.3pp |
| EPS (Diluted) | $0.10 | $0.35 | $0.25 | -71.4% | -60.0% |
| Free Cash Flow | $42M | -$11M | -$58M | 489.3% | 173.0% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $99M |
| R&D Expenses | $55M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | -$102.0K |
| Operating Expenses | $81M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $18M |
| Interest Income | $23M |
| Interest Expense | $37M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $9M |
| EBIT | $43M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $74M |
| GROSS PROFIT | $99M |
| R&D Expenses | $55M |
| Selling & Marketing | $0 |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | -$102.0K |
| Operating Expenses | $81M |
| Cost & Expenses | $155M |
| OPERATING INCOME | $18M |
| Interest Income | $23M |
| Interest Expense | $37M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | -$23M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $9M |
| EBIT | $43M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | $25M |
| OPERATING CASH FLOW | $56M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $83M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $0 |
| Net Receivables | $180M |
| Inventory | $155M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $509M |
| PP&E (Net) | $441M |
| Goodwill | $13M |
| Intangible Assets | $55M |
| Long-Term Investments | $32M |
| Tax Assets | $338M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $883M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $84M |
| Short-Term Debt | $46M |
| Deferred Revenue | $60M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $63M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$173M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$173M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.3B |
| Net Debt | $1.1B |
