| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $454M | $507M | $499M | -10.5% | -9.2% |
| Op. Income | -$58M | $7M | -$44M | -967.4% | -33.4% |
| Gross Margin | -6.2% | 7.2% | 4.1% | -13.4pp | -10.2pp |
| Net Margin | -19.0% | -4.4% | -13.5% | -14.6pp | -5.4pp |
| EPS (Diluted) | $-1.29 | $-0.33 | $-1.01 | -290.9% | -27.7% |
| Free Cash Flow | -$29M | -$23M | $44M | -25.1% | -165.1% |
| Item | Amount |
|---|---|
| REVENUE | $454M |
| Cost of Revenue | $481M |
| GROSS PROFIT | -$28M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $512M |
| OPERATING INCOME | -$58M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$88M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $38M |
| EBIT | -$60M |
| EBITDA | -$22M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $38M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$23M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $545.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $335M |
| Inventory | $415M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $938M |
| PP&E (Net) | $1.3B |
| Goodwill | $52M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $21M |
| Other Non-Current Assets | $22M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $79M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $302M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $74M |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $67M |
| Additional Paid-In Capital | $365M |
| Retained Earnings | $112M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$98M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $446M |
| Minority Interest | $0 |
| TOTAL EQUITY | $446M |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
