| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $236M | $218M | $181M | 8.1% | 30.2% |
| Op. Income | $35M | $25M | $16M | 41.0% | 122.0% |
| Gross Margin | 53.5% | 51.2% | 49.7% | 2.2pp | 3.8pp |
| Net Margin | 13.4% | -76.8% | 8.3% | 90.2pp | 5.2pp |
| EPS (Diluted) | $0.42 | $-2.30 | $0.20 | 118.3% | 110.0% |
| Free Cash Flow | $31M | $61M | $13M | -50.2% | 133.5% |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $126M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $91M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $35M |
| Interest Income | $7M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $15M |
| EBIT | $42M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $236M |
| Cost of Revenue | $110M |
| GROSS PROFIT | $126M |
| R&D Expenses | $56M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $91M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $35M |
| Interest Income | $7M |
| Interest Expense | $1M |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $41M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32M |
| D&A | $15M |
| EBIT | $42M |
| EBITDA | $57M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $678.0K |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | $39M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$210.0K |
| Purchases of Investments | -$259M |
| Sales/Maturities of Investments | $115M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$157M |
| Net Debt Issuance | -$491.0K |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $31M |
| Net Change in Cash | -$122M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $571M |
| Net Receivables | $131M |
| Inventory | $209M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $179M |
| Goodwill | $336M |
| Intangible Assets | $82M |
| Long-Term Investments | $0 |
| Tax Assets | $213M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $855M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $61M |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $299M |
| Long-Term Debt | $339M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $48M |
| TOTAL NON-CURRENT LIABILITIES | $418M |
| TOTAL LIABILITIES | $717M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$322M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | $877.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $531M |
| Net Debt | $420M |
