| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $152M | $135M | $107M | 13.1% | 42.7% |
| Op. Income | $3M | $7M | -$224.0K | -59.1% | 1385.3% |
| Gross Margin | 6.0% | 9.3% | 9.5% | -3.3pp | -3.5pp |
| Net Margin | 1.5% | 3.7% | -0.6% | -2.3pp | 2.1pp |
| EPS (Diluted) | $0.32 | $0.71 | $-0.10 | -54.9% | 428.5% |
| Free Cash Flow | -$2M | $14M | $9M | -114.8% | -122.6% |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $754.0K |
| Other Income/Expenses | $98.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$30.0K |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $937.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $152M |
| Cost of Revenue | $143M |
| GROSS PROFIT | $9M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $754.0K |
| Other Income/Expenses | $98.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | -$30.0K |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $937.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $937.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$7.0K |
| Other Non-Cash Items | -$519.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $434.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$46M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $50M |
| Common Stock Repurchased | $1.0K |
| Common Dividends Paid | -$283.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $162M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $231M |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $311M |
| Account Payables | $68M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $87M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $101M |
| TOTAL LIABILITIES | $172M |
| Common Stock | $9M |
| Additional Paid-In Capital | $35M |
| Retained Earnings | $108M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $139M |
| Minority Interest | $0 |
| TOTAL EQUITY | $139M |
| TOTAL LIABILITIES & EQUITY | $311M |
| Total Debt | $91M |
| Net Debt | $87M |
