| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $411M | $395M | $454M | 4.3% | -9.4% |
| Op. Income | -$92M | $3M | -$781.0K | -3110.1% | -11666.8% |
| Gross Margin | 22.7% | 20.7% | 22.5% | 2.0pp | 0.2pp |
| Net Margin | -25.3% | -5.0% | -3.0% | -20.3pp | -22.3pp |
| EPS (Diluted) | $-1.15 | $-0.22 | $-0.15 | -422.7% | -666.7% |
| Free Cash Flow | $25M | -$17M | $15M | 248.2% | 65.4% |
| Item | Amount |
|---|---|
| REVENUE | $411M |
| Cost of Revenue | $318M |
| GROSS PROFIT | $93M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $70M |
| Other Expenses | $115M |
| Operating Expenses | $185M |
| Cost & Expenses | $503M |
| OPERATING INCOME | -$92M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$101M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$104M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$104M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$104M |
| D&A | $11M |
| EBIT | -$88M |
| EBITDA | -$77M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$104M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$445.0K |
| Other Non-Cash Items | $111M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$956.0K |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$653.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $178M |
| Inventory | $261M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $548M |
| PP&E (Net) | $331M |
| Goodwill | $826M |
| Intangible Assets | $224M |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $199M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $289M |
| Long-Term Debt | $721M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $867M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $454M |
| Treasury Stock | -$730M |
| Accum. Other Comp. Income | -$157M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $805M |
| Minority Interest | $0 |
| TOTAL EQUITY | $805M |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $803M |
| Net Debt | $747M |
