| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $173M | $182M | $165M | -4.8% | 4.8% |
| Op. Income | -$6M | -$252.0K | -$1M | -2244.4% | -421.0% |
| Gross Margin | 23.1% | 24.5% | 26.6% | -1.4pp | -3.5pp |
| Net Margin | -3.8% | -1.4% | -1.8% | -2.4pp | -2.1pp |
| EPS (Diluted) | $-0.23 | $-0.09 | $-0.10 | -167.1% | -130.0% |
| Free Cash Flow | $7M | $4M | -$33M | 60.9% | 120.0% |
| Item | Amount |
|---|---|
| REVENUE | $173M |
| Cost of Revenue | $133M |
| GROSS PROFIT | $40M |
| R&D Expenses | $24M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $46M |
| Cost & Expenses | $179M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $701.0K |
| Other Income/Expenses | $536.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $14M |
| EBIT | -$4M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $567.0K |
| Other Non-Cash Items | $613.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $140.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$305.0K |
| NET CASH FROM FINANCING | -$26.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $183M |
| Short-Term Investments | $0 |
| Net Receivables | $31M |
| Inventory | $184M |
| Other Current Assets | $206.0K |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $344M |
| Goodwill | $269.0K |
| Intangible Assets | $2M |
| Long-Term Investments | $358M |
| Tax Assets | $540.0K |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $724M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $41M |
| Short-Term Debt | $12M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $73.0K |
| Additional Paid-In Capital | $370M |
| Retained Earnings | $622M |
| Treasury Stock | -$79M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $903M |
| Minority Interest | $0 |
| TOTAL EQUITY | $903M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $59M |
| Net Debt | -$123M |
