| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $337M | $469M | $365M | -28.3% | -7.8% |
| Op. Income | -$157M | $74M | $54M | -311.7% | -389.9% |
| Gross Margin | 29.1% | 31.0% | 30.3% | -1.9pp | -1.2pp |
| Net Margin | -42.2% | 7.2% | 6.8% | -49.4pp | -49.1pp |
| EPS (Diluted) | $-7.47 | $1.75 | $1.26 | -526.9% | -692.9% |
| Free Cash Flow | -$58M | $71M | -$6M | -182.6% | -942.6% |
| Item | Amount |
|---|---|
| REVENUE | $337M |
| Cost of Revenue | $239M |
| GROSS PROFIT | $98M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $26M |
| SG&A Expenses | $34M |
| Other Expenses | $221M |
| Operating Expenses | $255M |
| Cost & Expenses | $494M |
| OPERATING INCOME | -$157M |
| Interest Income | $337.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$177M |
| Income Tax Expense | -$35M |
| Net Income from Continuing Ops | -$142M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$142M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$142M |
| D&A | $12M |
| EBIT | -$158M |
| EBITDA | -$146M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$142M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $996.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $155M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $15M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$117.0K |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $999 |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$58M |
| Net Change in Cash | -$59M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $115M |
| Inventory | $4M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $200M |
| PP&E (Net) | $1.8B |
| Goodwill | $136M |
| Intangible Assets | $116M |
| Long-Term Investments | $0 |
| Tax Assets | $38M |
| Other Non-Current Assets | $249M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $68M |
| Short-Term Debt | $30M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $425M |
| Long-Term Debt | $1.7B |
| Deferred Revenue NC | $44M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $131M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.6B |
| Common Stock | $830.0K |
| Additional Paid-In Capital | $539M |
| Retained Earnings | $1.7B |
| Treasury Stock | -$3.2B |
| Accum. Other Comp. Income | -$56M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$976M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$976M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
