| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $182M | $175M | $6M | 3.7% | 3093.7% |
| Op. Income | $670.8K | $4M | $347.7K | -81.7% | 92.9% |
| Gross Margin | 6.6% | 9.4% | 14.0% | -2.8pp | -7.4pp |
| Net Margin | -9.3% | 3.2% | 7.8% | -12.5pp | -17.0pp |
| EPS (Diluted) | $-0.48 | $0.15 | $0.39 | -412.5% | -221.0% |
| Free Cash Flow | -$18M | -$21M | -$44.6K | 12.4% | -40989.9% |
| Item | Amount |
|---|---|
| REVENUE | $182M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $12M |
| R&D Expenses | $8M |
| Selling & Marketing | $957.2K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | -$2M |
| Operating Expenses | $11M |
| Cost & Expenses | $181M |
| OPERATING INCOME | $670.8K |
| Interest Income | $0 |
| Interest Expense | $159.8K |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $39M |
| EBIT | $670.8K |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $41M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$144.3K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $56M |
| NET CASH FROM FINANCING | $22M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $433M |
| Short-Term Investments | $1M |
| Net Receivables | $191M |
| Inventory | $101M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $733M |
| PP&E (Net) | $621M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $645M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $32M |
| Short-Term Debt | $174M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $321M |
| Long-Term Debt | $285M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $321M |
| TOTAL LIABILITIES | $642M |
| Common Stock | $227M |
| Additional Paid-In Capital | $190M |
| Retained Earnings | $325M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $737M |
| Minority Interest | $0 |
| TOTAL EQUITY | $737M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $490M |
| Net Debt | $57M |
