| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $127M | $116M | — | 9.3% | — |
| Op. Income | -$10M | -$129M | — | 92.1% | — |
| Gross Margin | 26.7% | 12.5% | — | 14.1pp | — |
| Net Margin | -38.5% | -128.2% | — | 89.7pp | — |
| EPS (Diluted) | $-0.76 | $-5.29 | — | 85.6% | — |
| Free Cash Flow | -$2M | -$24M | — | 92.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $127M |
| Cost of Revenue | $93M |
| GROSS PROFIT | $34M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $6M |
| Operating Expenses | $44M |
| Cost & Expenses | $137M |
| OPERATING INCOME | -$10M |
| Interest Income | $126.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$39M |
| INCOME BEFORE TAX | -$50M |
| Income Tax Expense | -$968.0K |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $8M |
| EBIT | -$39M |
| EBITDA | -$31M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$327.0K |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$234.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$118.0K |
| Other Financing Activities | -$973.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $167M |
| Inventory | $81M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $290M |
| PP&E (Net) | $75M |
| Goodwill | $205M |
| Intangible Assets | $183M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $481M |
| TOTAL ASSETS | $771M |
| Account Payables | $43M |
| Short-Term Debt | $215M |
| Deferred Revenue | $66M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $385M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $79M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $520M |
| Common Stock | $4M |
| Additional Paid-In Capital | $615M |
| Retained Earnings | -$49M |
| Treasury Stock | -$442M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $251M |
| Minority Interest | $0 |
| TOTAL EQUITY | $251M |
| TOTAL LIABILITIES & EQUITY | $771M |
| Total Debt | $251M |
| Net Debt | $225M |
