| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $129M | $116M | $128M | 11.7% | 0.9% |
| Op. Income | $4M | -$4M | -$9M | 201.3% | 147.3% |
| Gross Margin | 31.4% | 26.1% | 29.5% | 5.3pp | 1.9pp |
| Net Margin | -0.7% | -7.3% | -9.1% | 6.7pp | 8.5pp |
| EPS (Diluted) | $-0.03 | $-0.30 | $-0.42 | 90.0% | 92.9% |
| Free Cash Flow | -$20M | -$21M | -$16M | 5.6% | -23.0% |
| Item | Amount |
|---|---|
| REVENUE | $129M |
| Cost of Revenue | $89M |
| GROSS PROFIT | $41M |
| R&D Expenses | $6M |
| Selling & Marketing | $12M |
| General & Administrative | $14M |
| SG&A Expenses | $25M |
| Other Expenses | $5M |
| Operating Expenses | $36M |
| Cost & Expenses | $125M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$84.0K |
| Income Tax Expense | $765.0K |
| Net Income from Continuing Ops | -$849.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$849.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$849.0K |
| D&A | $5M |
| EBIT | $4M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$849.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $996.0K |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$589.0K |
| Acquisitions (Net) | $39.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$611.0K |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$131.0K |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $184M |
| Inventory | $191M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $399M |
| PP&E (Net) | $74M |
| Goodwill | $21M |
| Intangible Assets | $146M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $253M |
| TOTAL ASSETS | $652M |
| Account Payables | $97M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $209M |
| Long-Term Debt | $190M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $967.0K |
| TOTAL NON-CURRENT LIABILITIES | $212M |
| TOTAL LIABILITIES | $421M |
| Common Stock | $3M |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $196M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $231M |
| Minority Interest | $0 |
| TOTAL EQUITY | $231M |
| TOTAL LIABILITIES & EQUITY | $652M |
| Total Debt | $209M |
| Net Debt | $194M |
