Reported August 26, 2025
| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $198M | $182M | 0.6% | 9.1% |
| Op. Income | $39M | $47M | $39M | -16.5% | -1.4% |
| Gross Margin | 25.7% | 27.9% | 27.3% | -2.2pp | -1.6pp |
| Net Margin | 8.3% | 6.0% | -0.1% | 2.2pp | 8.3pp |
| EPS (Diluted) | $0.25 | $0.02 | $-0.00 | 1107.7% | 125100.0% |
| Free Cash Flow | $0 | $20M | $24M | -100.0% | -100.0% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $9M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $20M |
| EBIT | $6M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $148M |
| GROSS PROFIT | $51M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $9M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $160M |
| OPERATING INCOME | $39M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $20M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $20M |
| EBIT | $6M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$205M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $0 |
| Net Receivables | $27M |
| Inventory | $35M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $328M |
| PP&E (Net) | $349M |
| Goodwill | $0 |
| Intangible Assets | $272.0K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $375M |
| TOTAL ASSETS | $702M |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $198M |
| TOTAL LIABILITIES | $328M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $551M |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$177M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $2M |
| TOTAL EQUITY | $375M |
| TOTAL LIABILITIES & EQUITY | $702M |
| Total Debt | $215M |
| Net Debt | -$43M |