| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $294M | $261M | $317M | 12.6% | -7.3% |
| Op. Income | $4M | -$2M | $2M | 268.1% | 60.2% |
| Gross Margin | 48.8% | 50.8% | 47.9% | -2.0pp | 0.9pp |
| Net Margin | -1.2% | -3.2% | -1.7% | 1.9pp | 0.4pp |
| EPS (Diluted) | $-0.12 | $-0.27 | $-0.17 | 55.6% | 29.4% |
| Free Cash Flow | $14M | -$31M | $26M | 145.7% | -45.9% |
| Item | Amount |
|---|---|
| REVENUE | $294M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $143M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $139M |
| Operating Expenses | $139M |
| Cost & Expenses | $290M |
| OPERATING INCOME | $4M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $8M |
| EBIT | $4M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$63.0K |
| Other Non-Cash Items | $486.0K |
| Change in Working Capital | $17M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $11.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $302M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $405M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $257M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $396M |
| TOTAL ASSETS | $801M |
| Account Payables | $148M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $251M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $325M |
| TOTAL LIABILITIES | $576M |
| Common Stock | $306.0K |
| Additional Paid-In Capital | $347M |
| Retained Earnings | -$106M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $225M |
| Minority Interest | $0 |
| TOTAL EQUITY | $225M |
| TOTAL LIABILITIES & EQUITY | $801M |
| Total Debt | $36M |
| Net Debt | $14M |
