| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $263M | $247M | $267M | 6.5% | -1.5% |
| Op. Income | -$5M | -$13M | $2M | 61.5% | -350.0% |
| Gross Margin | 19.4% | 18.6% | 21.7% | 0.8pp | -2.3pp |
| Net Margin | -9.9% | -2.8% | 9.7% | -7.1pp | -19.6pp |
| EPS (Diluted) | $-0.36 | $-0.12 | $0.23 | -200.0% | -256.5% |
| Free Cash Flow | -$4M | -$50M | -$16M | 92.0% | 75.0% |
| Item | Amount |
|---|---|
| REVENUE | $263M |
| Cost of Revenue | $212M |
| GROSS PROFIT | $51M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $6M |
| Operating Expenses | $56M |
| Cost & Expenses | $268M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $15M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $7M |
| EBIT | -$9M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $0 |
| Net Receivables | $149M |
| Inventory | $238M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $574M |
| PP&E (Net) | $238M |
| Goodwill | $12M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.1B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $111M |
| Short-Term Debt | $479M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $127M |
| TOTAL CURRENT LIABILITIES | $729M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $411M |
| TOTAL NON-CURRENT LIABILITIES | $454M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$426M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$179M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $750M |
| Minority Interest | $0 |
| TOTAL EQUITY | $750M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $534M |
| Net Debt | $379M |
