| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $540M | $471M | $562M | 14.6% | -4.0% |
| Op. Income | $10M | $5M | $13M | 84.9% | -24.0% |
| Gross Margin | 18.4% | 19.1% | 17.7% | -0.7pp | 0.6pp |
| Net Margin | 0.3% | -1.3% | 0.3% | 1.6pp | -0.0pp |
| EPS (Diluted) | $0.04 | $-0.18 | $0.04 | 123.3% | -6.5% |
| Free Cash Flow | -$74M | $2M | -$2M | -3609.5% | -3778.9% |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $2M |
| Operating Expenses | $89M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$200.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $16M |
| EBIT | $11M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $540M |
| Cost of Revenue | $441M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $2M |
| Operating Expenses | $89M |
| Cost & Expenses | $530M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | -$200.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $16M |
| EBIT | $11M |
| EBITDA | $26M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $200.0K |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | -$68M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $64M |
| FREE CASH FLOW | -$74M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $290M |
| Inventory | $783M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $420M |
| Goodwill | $79M |
| Intangible Assets | $127M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $86M |
| TOTAL NON-CURRENT ASSETS | $721M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $314M |
| Short-Term Debt | $11M |
| Deferred Revenue | $23M |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $560M |
| Long-Term Debt | $460M |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $642M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $614M |
| Retained Earnings | $195M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$64M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $681M |
| Minority Interest | $0 |
| TOTAL EQUITY | $681M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $525M |
| Net Debt | $492M |
