| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $36M | $47M | 30.8% | -1.6% |
| Op. Income | -$3M | -$8M | -$14M | 55.8% | 75.8% |
| Gross Margin | 26.3% | 28.2% | 22.7% | -1.9pp | 3.6pp |
| Net Margin | 6.5% | -17.6% | -27.4% | 24.1pp | 33.9pp |
| EPS (Diluted) | $0.06 | $-0.12 | $-0.26 | 146.9% | 121.7% |
| Free Cash Flow | -$9M | -$16M | -$3M | 44.3% | -198.0% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $11M |
| Operating Expenses | $16M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $7M |
| EBIT | $7.0K |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | $478.0K |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $1M |
| Sales/Maturities of Investments | $74.0K |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$263.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$2M |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$263.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $14M |
| Net Receivables | $10M |
| Inventory | $24M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $220M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $387M |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $628M |
| TOTAL ASSETS | $736M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $126M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $205M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $1.8B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $484M |
| Minority Interest | $0 |
| TOTAL EQUITY | $484M |
| TOTAL LIABILITIES & EQUITY | $736M |
| Total Debt | $128M |
| Net Debt | $74M |
