| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $183M | $173M | -11.1% | -6.3% |
| Op. Income | -$14M | -$5M | -$6M | -195.9% | -129.6% |
| Gross Margin | 21.5% | 23.5% | 23.1% | -2.0pp | -1.6pp |
| Net Margin | -8.2% | -1.2% | -3.8% | -7.0pp | -4.4pp |
| EPS (Diluted) | $-0.45 | $-0.07 | $-0.23 | -537.4% | -95.7% |
| Free Cash Flow | -$23M | $32.0K | $7M | -72481.3% | -450.8% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $127M |
| GROSS PROFIT | $35M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$14M |
| Interest Income | $1M |
| Interest Expense | $154.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $14M |
| EBIT | -$12M |
| EBITDA | $3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$77.0K |
| Other Non-Cash Items | $171.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $11M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$960.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $196M |
| Short-Term Investments | $0 |
| Net Receivables | $78M |
| Inventory | $200M |
| Other Current Assets | $425.0K |
| TOTAL CURRENT ASSETS | $482M |
| PP&E (Net) | $341M |
| Goodwill | $269.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $141M |
| Tax Assets | $8M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $520M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $49M |
| Short-Term Debt | $3M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $184M |
| Common Stock | $75.0K |
| Additional Paid-In Capital | $398M |
| Retained Earnings | $518M |
| Treasury Stock | -$93M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $819M |
| Minority Interest | $0 |
| TOTAL EQUITY | $819M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $31M |
| Net Debt | -$165M |
