| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $61M | $31M | -5.6% | 83.6% |
| Op. Income | -$44M | -$35M | -$53M | -26.2% | 18.0% |
| Gross Margin | -24.1% | -15.5% | -90.9% | -8.6pp | 66.8pp |
| Net Margin | -53.8% | -37.2% | -108.9% | -16.5pp | 55.2pp |
| EPS (Diluted) | $-0.19 | $-0.14 | $-0.21 | -35.7% | 9.5% |
| Free Cash Flow | -$33M | -$94M | -$16M | 65.1% | -108.7% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $71M |
| GROSS PROFIT | -$14M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $142.0K |
| Operating Expenses | $30M |
| Cost & Expenses | $101M |
| OPERATING INCOME | -$44M |
| Interest Income | $8M |
| Interest Expense | $5M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | -$12M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $21M |
| EBIT | -$37M |
| EBITDA | -$17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | -$22M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$319M |
| Sales/Maturities of Investments | $394M |
| Other Investing Activities | $24M |
| NET CASH FROM INVESTING | $70M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$235.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $63M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $262M |
| Short-Term Investments | $492M |
| Net Receivables | $65M |
| Inventory | $128M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $960M |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $70M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $22M |
| Short-Term Debt | $67M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $267M |
| Long-Term Debt | $843M |
| Deferred Revenue NC | $67M |
| Deferred Tax Liabilities | $94M |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $971M |
| Retained Earnings | $267M |
| Treasury Stock | -$227M |
| Accum. Other Comp. Income | -$26.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $917M |
| Net Debt | $655M |
