| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $428M | $402M | $471M | 6.4% | -9.3% |
| Op. Income | $8M | $11M | $30M | -27.9% | -73.0% |
| Gross Margin | 32.5% | 29.4% | 30.0% | 3.1pp | 2.6pp |
| Net Margin | -2.1% | -0.9% | 1.9% | -1.2pp | -4.0pp |
| EPS (Diluted) | $-0.29 | $-0.11 | $0.29 | -163.6% | -200.0% |
| Free Cash Flow | -$2M | -$35M | $47M | 93.0% | -105.1% |
| Item | Amount |
|---|---|
| REVENUE | $428M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $139M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $131M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $420M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$3M |
| 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 | $18M |
| EBIT | $5M |
| EBITDA | $23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | -$151.0K |
| Common Dividends Paid | -$8M |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $0 |
| Net Receivables | $231M |
| Inventory | $205M |
| Other Current Assets | $178M |
| TOTAL CURRENT ASSETS | $654M |
| PP&E (Net) | $273M |
| Goodwill | $473M |
| Intangible Assets | $87M |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $318M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $108M |
| Short-Term Debt | $24M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $207M |
| TOTAL CURRENT LIABILITIES | $411M |
| Long-Term Debt | $798M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $1.0B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $36M |
| Additional Paid-In Capital | $149M |
| Retained Earnings | $594M |
| Treasury Stock | -$196M |
| Accum. Other Comp. Income | -$175M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $408M |
| Minority Interest | $48.0K |
| TOTAL EQUITY | $408M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $874M |
| Net Debt | $834M |
