| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | $114M | $145M | -27.9% | -43.0% |
| Op. Income | $19M | $55M | $80M | -65.6% | -76.3% |
| Gross Margin | 42.4% | 57.1% | 64.5% | -14.7pp | -22.2pp |
| Net Margin | 11.4% | 44.9% | 52.9% | -33.4pp | -41.4pp |
| EPS (Diluted) | $0.22 | $1.25 | $1.89 | -82.4% | -88.4% |
| Free Cash Flow | $56M | $40M | $95M | 39.5% | -41.5% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$635.5K |
| Operating Expenses | $16M |
| Cost & Expenses | $63M |
| OPERATING INCOME | $19M |
| Interest Income | $4M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | -$635.5K |
| Operating Expenses | $16M |
| Cost & Expenses | $63M |
| OPERATING INCOME | $19M |
| Interest Income | $4M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $17M |
| EBIT | $19M |
| EBITDA | $36M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $221.7K |
| Net Debt Issuance | -$13M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$44M |
| Other Financing Activities | -$128.4K |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | $56M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $10M |
| Net Receivables | $62M |
| Inventory | $2M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $440M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $10M |
| Short-Term Debt | $54M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $46.2K |
| TOTAL CURRENT LIABILITIES | $104M |
| Long-Term Debt | $525M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $669M |
| TOTAL LIABILITIES | $773M |
| Common Stock | $542.9K |
| Additional Paid-In Capital | $864M |
| Retained Earnings | $354M |
| Treasury Stock | -$131M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $755M |
| Net Debt | $406M |
