| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $585M | $630M | $564M | -7.1% | 3.7% |
| Op. Income | $4M | $26M | $39M | -84.5% | -89.7% |
| Gross Margin | 48.1% | 46.2% | 50.1% | 1.9pp | -2.0pp |
| Net Margin | 0.1% | 2.5% | 4.9% | -2.4pp | -4.8pp |
| EPS (Diluted) | $0.01 | $0.43 | $0.76 | -98.6% | -99.2% |
| Free Cash Flow | $24M | -$59M | $105M | 140.9% | -77.0% |
| Item | Amount |
|---|---|
| REVENUE | $585M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $281M |
| Other Expenses | -$3M |
| Operating Expenses | $278M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $4M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $446.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $446.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215.0K |
| D&A | $14M |
| EBIT | $10M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $585M |
| Cost of Revenue | $304M |
| GROSS PROFIT | $282M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $281M |
| Other Expenses | -$3M |
| Operating Expenses | $278M |
| Cost & Expenses | $581M |
| OPERATING INCOME | $4M |
| Interest Income | $4M |
| Interest Expense | $8M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $446.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $446.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $215.0K |
| D&A | $14M |
| EBIT | $10M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $446.0K |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$110.0K |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $338M |
| Short-Term Investments | $0 |
| Net Receivables | $140M |
| Inventory | $619M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $759M |
| Goodwill | $209M |
| Intangible Assets | $291M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $306M |
| Short-Term Debt | $0 |
| Deferred Revenue | $25M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $526M |
| Long-Term Debt | $499M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $365.0K |
| Additional Paid-In Capital | $14M |
| Retained Earnings | $872M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $854M |
| Minority Interest | $0 |
| TOTAL EQUITY | $854M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.1B |
| Net Debt | $786M |
