| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $525M | $485M | $524M | 8.4% | 0.3% |
| Op. Income | $20M | -$431M | $22M | 104.7% | -9.9% |
| Gross Margin | 19.7% | 15.0% | 20.8% | 4.8pp | -1.1pp |
| Net Margin | -1.8% | -87.8% | -0.3% | 86.0pp | -1.5pp |
| EPS (Diluted) | $-0.18 | $-7.82 | $-0.03 | 97.7% | -552.2% |
| Free Cash Flow | $49M | -$30M | $37M | 264.1% | 30.7% |
| Item | Amount |
|---|---|
| REVENUE | $525M |
| Cost of Revenue | $422M |
| GROSS PROFIT | $104M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $77M |
| Operating Expenses | $84M |
| Cost & Expenses | $505M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $36M |
| EBIT | $24M |
| EBITDA | $60M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $0 |
| Net Receivables | $226M |
| Inventory | $345M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $701M |
| PP&E (Net) | $701M |
| Goodwill | $58M |
| Intangible Assets | $547M |
| Long-Term Investments | $0 |
| Tax Assets | $200.0K |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $173M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $296M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $86M |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $6M |
| Additional Paid-In Capital | $681M |
| Retained Earnings | -$282M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $417M |
| Minority Interest | $0 |
| TOTAL EQUITY | $417M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
