| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $141M | $222M | $255M | -36.6% | -44.7% |
| Op. Income | $2M | $50M | -$204M | -96.8% | 100.8% |
| Gross Margin | 43.1% | 53.7% | -25.7% | -10.7pp | 68.8pp |
| Net Margin | -8.5% | 30.6% | -111.2% | -39.1pp | 102.6pp |
| EPS (Diluted) | $-0.22 | $1.19 | $-5.38 | -118.5% | 95.9% |
| Free Cash Flow | $104M | -$15M | $43M | 799.3% | 141.3% |
| Item | Amount |
|---|---|
| REVENUE | $141M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $61M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $3M |
| Operating Expenses | $59M |
| Cost & Expenses | $139M |
| OPERATING INCOME | $2M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $23M |
| EBIT | $500.0K |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $96M |
| OPERATING CASH FLOW | $106M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $104M |
| Net Change in Cash | $118M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $271M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $339M |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $720M |
| PP&E (Net) | $224M |
| Goodwill | $0 |
| Intangible Assets | $469M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $698M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $64M |
| Short-Term Debt | $2M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $127M |
| Long-Term Debt | $668M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $754M |
| TOTAL LIABILITIES | $881M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $935M |
| Retained Earnings | -$156M |
| Treasury Stock | -$235M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $536M |
| Minority Interest | $0 |
| TOTAL EQUITY | $536M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $676M |
| Net Debt | $405M |
