| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $223M | $204M | — | 9.1% | — |
| Op. Income | -$12M | -$13M | — | 7.5% | — |
| Gross Margin | 27.3% | 25.3% | — | 1.9pp | — |
| Net Margin | -7.9% | -8.6% | — | 0.7pp | — |
| EPS (Diluted) | $-0.30 | $-0.30 | — | 0.0% | — |
| Free Cash Flow | $82M | -$21M | — | 492.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $223M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $61M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $41M |
| Other Expenses | $11M |
| Operating Expenses | $73M |
| Cost & Expenses | $236M |
| OPERATING INCOME | -$12M |
| Interest Income | $406.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $21M |
| EBIT | -$16M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $77M |
| OPERATING CASH FLOW | $85M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $82M |
| Net Change in Cash | $84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $243M |
| Short-Term Investments | $0 |
| Net Receivables | $383M |
| Inventory | $344M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $991M |
| PP&E (Net) | $168M |
| Goodwill | $938M |
| Intangible Assets | $226M |
| Long-Term Investments | $0 |
| Tax Assets | $72M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $65M |
| Short-Term Debt | $0 |
| Deferred Revenue | $136M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $274M |
| Long-Term Debt | $592M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $668M |
| TOTAL LIABILITIES | $941M |
| Common Stock | $587.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $185M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $649M |
| Net Debt | $407M |
