| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $166M | $172M | -2.5% | -5.9% |
| Op. Income | -$85M | $87M | -$105M | -197.7% | 19.5% |
| Gross Margin | 24.9% | 52.4% | 9.6% | -27.5pp | 15.4pp |
| Net Margin | -52.2% | 49.1% | -59.7% | -101.3pp | 7.5pp |
| EPS (Diluted) | $-1.59 | $1.51 | $-1.83 | -205.3% | 13.1% |
| Free Cash Flow | $78M | $9M | -$27M | 795.7% | 391.6% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $122M |
| GROSS PROFIT | $40M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $48M |
| Operating Expenses | $125M |
| Cost & Expenses | $247M |
| OPERATING INCOME | -$85M |
| Interest Income | $6M |
| Interest Expense | $36.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$85M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$85M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$85M |
| D&A | $5M |
| EBIT | -$79M |
| EBITDA | -$74M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$85M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$205.0K |
| Other Non-Cash Items | $70M |
| Change in Working Capital | $82M |
| OPERATING CASH FLOW | $80M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$135M |
| Sales/Maturities of Investments | $100M |
| Other Investing Activities | $60.0K |
| NET CASH FROM INVESTING | -$38M |
| Net Debt Issuance | -$101.0K |
| Common Stock Repurchased | -$21M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | $78M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $287M |
| Short-Term Investments | $295M |
| Net Receivables | $174M |
| Inventory | $156M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $948M |
| PP&E (Net) | $90M |
| Goodwill | $70M |
| Intangible Assets | $6M |
| Long-Term Investments | $5M |
| Tax Assets | $19M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $27M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $183M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $281M |
| Common Stock | $605M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $1.2B |
| Treasury Stock | -$936M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $864M |
| Minority Interest | $0 |
| TOTAL EQUITY | $864M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $36M |
| Net Debt | -$250M |
