| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $478M | $462M | $356M | 3.3% | 34.1% |
| Op. Income | -$11M | -$1M | $7M | -728.8% | -246.9% |
| Gross Margin | 20.9% | 23.6% | 30.3% | -2.7pp | -9.4pp |
| Net Margin | -2.2% | -0.3% | 2.1% | -1.9pp | -4.3pp |
| EPS (Diluted) | $-0.02 | $-0.00 | $0.01 | -700.0% | -308.0% |
| Free Cash Flow | $5M | -$16M | $44M | 129.4% | -89.1% |
| Item | Amount |
|---|---|
| REVENUE | $478M |
| Cost of Revenue | $378M |
| GROSS PROFIT | $100M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $394.0K |
| Operating Expenses | $110M |
| Cost & Expenses | $488M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$19.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $394.0K |
| EBIT | -$11M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $394.0K |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$569.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $63M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $189M |
| Short-Term Investments | $11M |
| Net Receivables | $131M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $175M |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $212M |
| TOTAL ASSETS | $575M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $202M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $231M |
| Common Stock | $51.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$2.2B |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | $177.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $344M |
| Minority Interest | $0 |
| TOTAL EQUITY | $344M |
| TOTAL LIABILITIES & EQUITY | $575M |
| Total Debt | $0 |
| Net Debt | -$189M |
