| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $114M | $132M | $145M | -13.5% | -21.7% |
| Op. Income | -$1M | $4M | $4M | -125.2% | -128.4% |
| Gross Margin | 6.8% | 10.1% | 8.1% | -3.3pp | -1.3pp |
| Net Margin | -4.3% | 0.9% | 0.7% | -5.2pp | -5.1pp |
| EPS (Diluted) | $-0.46 | $0.10 | $0.10 | -560.0% | -561.8% |
| Free Cash Flow | $1M | $10M | $1M | -88.0% | -16.7% |
| Item | Amount |
|---|---|
| REVENUE | $114M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $8M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$111.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $3M |
| EBIT | -$1M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16.0K |
| Deferred Income Tax | -$959.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$444.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$444.0K |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $132M |
| Inventory | $101M |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $261M |
| PP&E (Net) | $41M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $19M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $67M |
| TOTAL ASSETS | $328M |
| Account Payables | $64M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $106M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | $114.0K |
| TOTAL NON-CURRENT LIABILITIES | $115M |
| TOTAL LIABILITIES | $208M |
| Common Stock | $47M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $73M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $119M |
| Minority Interest | $0 |
| TOTAL EQUITY | $119M |
| TOTAL LIABILITIES & EQUITY | $328M |
| Total Debt | $125M |
| Net Debt | $121M |
