| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $163M | $144M | $189M | 12.9% | -13.8% |
| Op. Income | $3M | -$6M | $13M | 150.8% | -78.6% |
| Gross Margin | 25.3% | 20.4% | 25.4% | 4.9pp | -0.1pp |
| Net Margin | -2.0% | -6.8% | 4.4% | 4.8pp | -6.4pp |
| EPS (Diluted) | $-0.25 | $-0.72 | $0.56 | 65.3% | -144.6% |
| Free Cash Flow | -$7M | -$14M | $27M | 50.3% | -125.2% |
| Item | Amount |
|---|---|
| REVENUE | $163M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $18M |
| Operating Expenses | $38M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $3M |
| Interest Income | $75.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $295.0K |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $18M |
| EBIT | $3M |
| EBITDA | $21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $602.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $515.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$65M |
| NET CASH FROM INVESTING | -$69M |
| Net Debt Issuance | $75M |
| Common Stock Repurchased | -$19M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$298.0K |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $0 |
| Net Receivables | $104M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $139M |
| PP&E (Net) | $280M |
| Goodwill | $7M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $370M |
| TOTAL ASSETS | $509M |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $169M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $22M |
| TOTAL NON-CURRENT LIABILITIES | $207M |
| TOTAL LIABILITIES | $299M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$393M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $209M |
| Minority Interest | $0 |
| TOTAL EQUITY | $209M |
| TOTAL LIABILITIES & EQUITY | $509M |
| Total Debt | $180M |
| Net Debt | $165M |
