| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $186M | $169M | $146M | 9.7% | 27.5% |
| Op. Income | -$13M | -$44M | -$35M | 70.5% | 62.9% |
| Gross Margin | 69.6% | 68.6% | 70.5% | 1.0pp | -0.9pp |
| Net Margin | -22.2% | -30.7% | -27.9% | 8.5pp | 5.8pp |
| EPS (Diluted) | $-0.27 | $-0.35 | $-0.29 | 22.9% | 6.9% |
| Free Cash Flow | $3M | -$15M | -$47M | 122.5% | 107.1% |
| Item | Amount |
|---|---|
| REVENUE | $186M |
| Cost of Revenue | $56M |
| GROSS PROFIT | $129M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $119M |
| Other Expenses | $5M |
| Operating Expenses | $142M |
| Cost & Expenses | $199M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$41M |
| Income Tax Expense | -$37.0K |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $21M |
| EBIT | -$29M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$392.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $758.0K |
| NET CASH FROM FINANCING | $366.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $0 |
| Net Receivables | $100M |
| Inventory | $170M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $443M |
| PP&E (Net) | $174M |
| Goodwill | $75M |
| Intangible Assets | $96M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $347M |
| TOTAL ASSETS | $790M |
| Account Payables | $47M |
| Short-Term Debt | $2M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $154M |
| Long-Term Debt | $552M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $589M |
| TOTAL LIABILITIES | $743M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.4B |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $790M |
| Total Debt | $587M |
| Net Debt | $430M |
