| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $215M | $201M | 0.9% | 7.9% |
| Op. Income | $50M | $60M | $44M | -16.8% | 15.1% |
| Gross Margin | 45.7% | 47.3% | 48.2% | -1.5pp | -2.5pp |
| Net Margin | 10.1% | 14.2% | 16.1% | -4.0pp | -6.0pp |
| EPS (Diluted) | $0.20 | $0.27 | $0.27 | -25.9% | -25.9% |
| Free Cash Flow | $109M | $37M | $69M | 198.1% | 58.6% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $99M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $50M |
| Interest Income | $2M |
| Interest Expense | $25M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $53M |
| EBIT | $51M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $99M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $167M |
| OPERATING INCOME | $50M |
| Interest Income | $2M |
| Interest Expense | $25M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $22M |
| D&A | $53M |
| EBIT | $51M |
| EBITDA | $104M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $22M |
| Depreciation & Amortization | $53M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $31M |
| OPERATING CASH FLOW | $130M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$66M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$82M |
| FREE CASH FLOW | $109M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $77M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $2.0B |
| Goodwill | $99M |
| Intangible Assets | $89M |
| Long-Term Investments | $71M |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $46M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $102M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $118M |
| Other Non-Current Liabilities | $27M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $106.0K |
| Additional Paid-In Capital | $911M |
| Retained Earnings | -$447M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $474M |
| Minority Interest | $0 |
| TOTAL EQUITY | $474M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.8B |
| Net Debt | $1.7B |
