| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $225M | $223M | 3.4% | 4.4% |
| Op. Income | -$11M | -$9M | -$12M | -25.8% | 12.9% |
| Gross Margin | 26.0% | 27.9% | 27.3% | -1.9pp | -1.2pp |
| Net Margin | -6.5% | -5.6% | -7.9% | -0.9pp | 1.4pp |
| EPS (Diluted) | $-0.26 | $-0.21 | $-0.30 | -23.8% | 13.3% |
| Free Cash Flow | $43M | -$4M | $82M | 1074.6% | -48.0% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $61M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $14M |
| Operating Expenses | $71M |
| Cost & Expenses | $244M |
| OPERATING INCOME | -$11M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $18M |
| EBIT | -$10M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$15M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $335M |
| Short-Term Investments | $0 |
| Net Receivables | $380M |
| Inventory | $350M |
| Other Current Assets | $67M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $154M |
| Goodwill | $938M |
| Intangible Assets | $193M |
| Long-Term Investments | $0 |
| Tax Assets | $76M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $106M |
| Short-Term Debt | $32M |
| Deferred Revenue | $137M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $383M |
| Long-Term Debt | $592M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $659M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $594.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $154M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $675M |
| Net Debt | $340M |
