| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $190M | $162M | $134M | 17.7% | 41.7% |
| Op. Income | $91M | $67M | $41M | 34.9% | 122.8% |
| Gross Margin | 54.6% | 48.5% | 38.2% | 6.1pp | 16.4pp |
| Net Margin | 4.3% | -45.3% | -19.2% | 49.5pp | 23.5pp |
| EPS (Diluted) | $0.11 | $-1.00 | $-0.36 | 111.0% | 130.6% |
| Free Cash Flow | $30M | -$18M | $30M | 261.7% | -1.7% |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $104M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $3M |
| Operating Expenses | $13M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $91M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $15M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $104M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $3M |
| Operating Expenses | $13M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $91M |
| Interest Income | $1M |
| Interest Expense | $6M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | $31M |
| Income Tax Expense | $23M |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $15M |
| EBIT | $38M |
| EBITDA | $53M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $23M |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$439.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$30M |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $30M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $168M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $80M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $763M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $29M |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $865M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $71M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $268M |
| Long-Term Debt | $375M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $347M |
| TOTAL NON-CURRENT LIABILITIES | $759M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $633M |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$544M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $375M |
| Net Debt | $207M |
