| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $205M | $206M | $198M | -0.6% | 3.3% |
| Op. Income | $5M | $13M | $8M | -63.8% | -37.0% |
| Gross Margin | 25.8% | 29.5% | 28.0% | -3.7pp | -2.2pp |
| Net Margin | 0.6% | 4.6% | 0.8% | -4.0pp | -0.1pp |
| EPS (Diluted) | $0.04 | $0.26 | $0.04 | -84.6% | 0.0% |
| Free Cash Flow | -$12M | $19M | -$8M | -166.0% | -51.9% |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $53M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $200M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $537.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $5M |
| EBIT | $5M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $205M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $53M |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $200M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $537.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $5M |
| EBIT | $5M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$32.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $187M |
| Inventory | $194M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $419M |
| PP&E (Net) | $115M |
| Goodwill | $58M |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $647M |
| Account Payables | $46M |
| Short-Term Debt | $5M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $60M |
| TOTAL CURRENT LIABILITIES | $138M |
| Long-Term Debt | $159M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $375M |
| Common Stock | $381.0K |
| Additional Paid-In Capital | $146M |
| Retained Earnings | $203M |
| Treasury Stock | -$77M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $272M |
| Minority Interest | $0 |
| TOTAL EQUITY | $272M |
| TOTAL LIABILITIES & EQUITY | $647M |
| Total Debt | $196M |
| Net Debt | $182M |
