| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $300M | $260M | $306M | 15.3% | -1.8% |
| Op. Income | $47M | $13M | $49M | 262.1% | -5.3% |
| Gross Margin | 41.1% | 33.1% | 40.9% | 8.0pp | 0.1pp |
| Net Margin | 9.4% | 8.9% | -20.8% | 0.6pp | 30.2pp |
| EPS (Diluted) | $0.16 | $0.13 | $-0.44 | 23.1% | 136.4% |
| Free Cash Flow | -$12M | -$12M | -$8M | 3.9% | -47.2% |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $42M |
| Operating Expenses | $76M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $39M |
| EBIT | $66M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $300M |
| Cost of Revenue | $177M |
| GROSS PROFIT | $123M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $34M |
| Other Expenses | $42M |
| Operating Expenses | $76M |
| Cost & Expenses | $253M |
| OPERATING INCOME | $47M |
| Interest Income | $0 |
| Interest Expense | $49M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | $28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $39M |
| EBIT | $66M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $28M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$50M |
| Acquisitions (Net) | -$41M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$93M |
| Net Debt Issuance | $145M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $97M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $16M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $138M |
| PP&E (Net) | $2.0B |
| Goodwill | $841M |
| Intangible Assets | $46M |
| Long-Term Investments | $26M |
| Tax Assets | $136M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $3.1B |
| TOTAL ASSETS | $3.2B |
| Account Payables | $32M |
| Short-Term Debt | $10M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $191M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $540M |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $505M |
| Retained Earnings | -$252M |
| Treasury Stock | -$431M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$56M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$56M |
| TOTAL LIABILITIES & EQUITY | $3.2B |
| Total Debt | $2.6B |
| Net Debt | $2.5B |
