| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | — | $189M | — | 10.6% |
| Op. Income | -$13M | — | -$2M | — | -603.4% |
| Gross Margin | 17.7% | — | 17.8% | — | -0.1pp |
| Net Margin | -6.3% | — | -1.8% | — | -4.5pp |
| EPS (Diluted) | $-0.10 | — | $-0.03 | — | -233.3% |
| Free Cash Flow | $5M | — | -$11M | — | 149.7% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $28M |
| SG&A Expenses | $36M |
| Other Expenses | $14M |
| Operating Expenses | $50M |
| Cost & Expenses | $222M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $760.0K |
| Other Income/Expenses | -$901.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $34.0K |
| 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 | $5M |
| EBIT | -$13M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $7M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $41M |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $168M |
| PP&E (Net) | $204M |
| Goodwill | $140M |
| Intangible Assets | $4M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $357M |
| TOTAL ASSETS | $525M |
| Account Payables | $58M |
| Short-Term Debt | $14M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $145M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $102M |
| TOTAL LIABILITIES | $247M |
| Common Stock | $136.0K |
| Additional Paid-In Capital | $341M |
| Retained Earnings | -$86M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $248M |
| Minority Interest | $29M |
| TOTAL EQUITY | $278M |
| TOTAL LIABILITIES & EQUITY | $525M |
| Total Debt | $106M |
| Net Debt | $60M |
