| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $549M | $605M | $596M | -9.2% | -8.0% |
| Op. Income | $11M | $13M | $8M | -17.9% | 37.6% |
| Gross Margin | 37.9% | 34.7% | 34.8% | 3.2pp | 3.1pp |
| Net Margin | 6.4% | -2.6% | -3.6% | 9.0pp | 10.0pp |
| EPS (Diluted) | $1.43 | $-0.63 | $-0.88 | 327.0% | 262.5% |
| Free Cash Flow | -$11M | $37M | $62M | -129.4% | -117.3% |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $208M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $159M |
| Other Expenses | $16M |
| Operating Expenses | $197M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $11M |
| Interest Income | $3M |
| Interest Expense | $23M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $50M |
| EBIT | $57M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $549M |
| Cost of Revenue | $341M |
| GROSS PROFIT | $208M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $159M |
| Other Expenses | $16M |
| Operating Expenses | $197M |
| Cost & Expenses | $538M |
| OPERATING INCOME | $11M |
| Interest Income | $3M |
| Interest Expense | $23M |
| Other Income/Expenses | $26M |
| INCOME BEFORE TAX | $37M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $35M |
| D&A | $50M |
| EBIT | $57M |
| EBITDA | $106M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $50M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$39M |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $207M |
| NET CASH FROM INVESTING | $187M |
| Net Debt Issuance | -$201M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$297.0K |
| NET CASH FROM FINANCING | -$195M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $300M |
| Short-Term Investments | $0 |
| Net Receivables | $219M |
| Inventory | $616M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $511M |
| Goodwill | $1.5B |
| Intangible Assets | $698M |
| Long-Term Investments | $132M |
| Tax Assets | $23M |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $169M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $72M |
| TOTAL CURRENT LIABILITIES | $483M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $43M |
| Other Non-Current Liabilities | $75M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $710M |
| Treasury Stock | -$6.0K |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $1.4B |
| Net Debt | $1.1B |
