| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $226M | $230M | $102M | -1.9% | 121.5% |
| Op. Income | $36M | $35M | $22M | 2.2% | 65.9% |
| Gross Margin | 47.3% | 59.2% | 65.4% | -11.8pp | -18.1pp |
| Net Margin | 5.7% | 5.2% | 0.8% | 0.4pp | 4.8pp |
| EPS (Diluted) | $0.09 | $0.09 | $0.01 | 5.1% | 1360.9% |
| Free Cash Flow | $34M | $26M | $18M | 27.5% | 82.0% |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $107M |
| R&D Expenses | $13M |
| Selling & Marketing | $15M |
| General & Administrative | $29M |
| SG&A Expenses | $43M |
| Other Expenses | $15M |
| Operating Expenses | $71M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $36M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $15M |
| EBIT | $36M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $226M |
| Cost of Revenue | $119M |
| GROSS PROFIT | $107M |
| R&D Expenses | $13M |
| Selling & Marketing | $15M |
| General & Administrative | $29M |
| SG&A Expenses | $43M |
| Other Expenses | $15M |
| Operating Expenses | $71M |
| Cost & Expenses | $190M |
| OPERATING INCOME | $36M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $15M |
| EBIT | $36M |
| EBITDA | $51M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$155.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$623.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$72.0K |
| NET CASH FROM FINANCING | -$695.0K |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $143M |
| Inventory | $88M |
| Other Current Assets | $47M |
| TOTAL CURRENT ASSETS | $386M |
| PP&E (Net) | $180M |
| Goodwill | $192M |
| Intangible Assets | $264M |
| Long-Term Investments | $0 |
| Tax Assets | $209M |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $877M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $65M |
| Short-Term Debt | $3M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $226M |
| Long-Term Debt | $833M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $935M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$196M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $103M |
| Minority Interest | $0 |
| TOTAL EQUITY | $103M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $910M |
| Net Debt | $808M |
