| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $383M | $431M | $439M | -11.2% | -12.7% |
| Op. Income | -$476M | -$62M | -$61M | -665.6% | -679.3% |
| Gross Margin | -20.5% | -9.2% | -7.8% | -11.3pp | -12.7pp |
| Net Margin | -92.6% | -18.8% | -17.8% | -73.8pp | -74.8pp |
| EPS (Diluted) | $-3.26 | $-0.75 | $-0.58 | -337.3% | -457.5% |
| Free Cash Flow | -$140M | -$99M | -$47M | -41.2% | -198.9% |
| Item | Amount |
|---|---|
| REVENUE | $383M |
| Cost of Revenue | $461M |
| GROSS PROFIT | -$78M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $375M |
| Operating Expenses | $398M |
| Cost & Expenses | $859M |
| OPERATING INCOME | -$476M |
| Interest Income | $577.2K |
| Interest Expense | $9M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$461M |
| Income Tax Expense | -$106M |
| Net Income from Continuing Ops | -$355M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$355M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$355M |
| D&A | $32M |
| EBIT | -$103M |
| EBITDA | -$71M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$355M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | -$8M |
| Deferred Income Tax | -$77M |
| Other Non-Cash Items | $340M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$86M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $42M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$22.8K |
| Other Financing Activities | $40M |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | -$140M |
| Net Change in Cash | -$57M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $187M |
| Inventory | $577M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $863M |
| PP&E (Net) | $905M |
| Goodwill | $0 |
| Intangible Assets | $219.2K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $917M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $64M |
| Short-Term Debt | $81M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $231M |
| TOTAL CURRENT LIABILITIES | $377M |
| Long-Term Debt | $462M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $302M |
| TOTAL NON-CURRENT LIABILITIES | $764M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $713M |
| Additional Paid-In Capital | $3M |
| Retained Earnings | -$390M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $313M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $639M |
| Minority Interest | $0 |
| TOTAL EQUITY | $639M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $544M |
| Net Debt | $540M |
