| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $134M | $160M | -21.3% | -34.1% |
| Op. Income | $10M | $13M | $38M | -20.9% | -73.7% |
| Gross Margin | 44.5% | 44.2% | 49.1% | 0.3pp | -4.6pp |
| Net Margin | 33.7% | 8.8% | 14.1% | 24.9pp | 19.7pp |
| EPS (Diluted) | $0.50 | $0.17 | $0.31 | 200.0% | 60.5% |
| Free Cash Flow | $5M | $5M | $46M | 0.5% | -89.1% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $4M |
| SG&A Expenses | $13M |
| Other Expenses | $24M |
| Operating Expenses | $37M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $15M |
| EBIT | $50M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $9M |
| General & Administrative | $4M |
| SG&A Expenses | $13M |
| Other Expenses | $24M |
| Operating Expenses | $37M |
| Cost & Expenses | $96M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $32M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $15M |
| EBIT | $50M |
| EBITDA | $65M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $290.9K |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$32M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | -$86.2K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$86.2K |
| FREE CASH FLOW | $5M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $14M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $137M |
| PP&E (Net) | $699M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $103M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $802M |
| TOTAL ASSETS | $939M |
| Account Payables | $38M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $226M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $243M |
| TOTAL LIABILITIES | $291M |
| Common Stock | $122M |
| Additional Paid-In Capital | $5M |
| Retained Earnings | $521M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $648M |
| Minority Interest | $0 |
| TOTAL EQUITY | $648M |
| TOTAL LIABILITIES & EQUITY | $939M |
| Total Debt | $236M |
| Net Debt | $185M |
