| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $176M | $208M | $159M | -15.4% | 10.9% |
| Op. Income | -$105M | $53M | $5M | -299.8% | -2425.2% |
| Gross Margin | -29.1% | 42.3% | 27.8% | -71.4pp | -57.0pp |
| Net Margin | -54.5% | 24.3% | 3.7% | -78.8pp | -58.3pp |
| EPS (Diluted) | $-8.73 | $4.60 | $0.54 | -289.8% | -1716.7% |
| Item | Amount |
|---|---|
| REVENUE | $176M |
| Cost of Revenue | $227M |
| GROSS PROFIT | -$51M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $281M |
| OPERATING INCOME | -$105M |
| Interest Income | $1M |
| Interest Expense | $104.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$96M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$96M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $2M |
| EBIT | -$103M |
| EBITDA | -$101M |
| EPS | -$9 |
| EPS Diluted | -$9 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $9M |
| Net Receivables | $160M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $271M |
| PP&E (Net) | $105M |
| Goodwill | $30M |
| Intangible Assets | $2M |
| Long-Term Investments | $4M |
| Tax Assets | $265.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $142M |
| TOTAL ASSETS | $413M |
| Account Payables | $14M |
| Short-Term Debt | $16M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $913.0K |
| TOTAL CURRENT LIABILITIES | $125M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $136M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $62M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $198M |
| Minority Interest | $0 |
| TOTAL EQUITY | $198M |
| TOTAL LIABILITIES & EQUITY | $413M |
| Total Debt | $103M |
| Net Debt | $24M |
