| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $153M | $135M | $155M | 13.6% | -1.5% |
| Op. Income | -$14M | -$12M | $5M | -15.2% | -355.7% |
| Gross Margin | 0.9% | 1.9% | 10.5% | -1.0pp | -9.6pp |
| Net Margin | -9.1% | -7.0% | 3.6% | -2.1pp | -12.7pp |
| EPS (Diluted) | $-0.29 | $-0.19 | $0.10 | -52.6% | -390.0% |
| Free Cash Flow | -$19M | $6M | $13M | -438.9% | -249.2% |
| Item | Amount |
|---|---|
| REVENUE | $153M |
| Cost of Revenue | $152M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $167M |
| OPERATING INCOME | -$14M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $17M |
| EBIT | -$13M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $17M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $56M |
| Inventory | $59M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $507M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $520M |
| TOTAL ASSETS | $675M |
| Account Payables | $56M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $114M |
| Long-Term Debt | $114M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $50M |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $213M |
| TOTAL LIABILITIES | $327M |
| Common Stock | $547.0K |
| Additional Paid-In Capital | $314M |
| Retained Earnings | $33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $347M |
| Minority Interest | $0 |
| TOTAL EQUITY | $347M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $143M |
| Net Debt | $114M |
