| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $100M | $85M | 15.0% | 35.3% |
| Op. Income | $20M | $10M | $19M | 101.8% | 6.7% |
| Gross Margin | 40.9% | 39.4% | 33.2% | 1.5pp | 7.6pp |
| Net Margin | 5.9% | -4.8% | 5.4% | 10.7pp | 0.5pp |
| EPS (Diluted) | $0.05 | $-0.04 | $0.03 | 241.6% | 47.7% |
| Free Cash Flow | -$21M | -$19M | $1M | -12.7% | -2088.4% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $7M |
| Operating Expenses | $27M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $10M |
| EBIT | $20M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $68M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | $7M |
| Operating Expenses | $27M |
| Cost & Expenses | $95M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $10M |
| EBIT | $20M |
| EBITDA | $31M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$126M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$130M |
| Net Debt Issuance | $68M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $61M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $191M |
| Inventory | $15M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $152M |
| Goodwill | $302M |
| Intangible Assets | $251M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $712M |
| TOTAL ASSETS | $954M |
| Account Payables | $28M |
| Short-Term Debt | $3M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $396M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $25M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $504M |
| TOTAL LIABILITIES | $592M |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $75.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $361M |
| Minority Interest | $0 |
| TOTAL EQUITY | $361M |
| TOTAL LIABILITIES & EQUITY | $954M |
| Total Debt | $486M |
| Net Debt | $458M |
