| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $217M | $230M | 6.6% | 0.7% |
| Op. Income | $17M | $9M | $21M | 97.1% | -18.4% |
| Gross Margin | 38.8% | 39.8% | 50.9% | -1.0pp | -12.1pp |
| Net Margin | -197.3% | -5.8% | -1.5% | -191.5pp | -195.8pp |
| EPS (Diluted) | $-2.10 | $-0.06 | $-0.02 | -3508.2% | -12943.5% |
| Free Cash Flow | $23M | -$56M | -$9M | 141.0% | 365.4% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $142M |
| GROSS PROFIT | $90M |
| R&D Expenses | $5M |
| Selling & Marketing | $47M |
| General & Administrative | $58M |
| SG&A Expenses | $104M |
| Other Expenses | -$37M |
| Operating Expenses | $73M |
| Cost & Expenses | $214M |
| OPERATING INCOME | $17M |
| Interest Income | $774.0K |
| Interest Expense | $18M |
| Other Income/Expenses | -$494M |
| INCOME BEFORE TAX | -$477M |
| Income Tax Expense | -$20M |
| Net Income from Continuing Ops | -$456M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$456M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$456M |
| D&A | $30M |
| EBIT | -$458M |
| EBITDA | -$428M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$456M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $470M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$75.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $198M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $570M |
| PP&E (Net) | $328M |
| Goodwill | $1.7B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $3.5B |
| TOTAL ASSETS | $4.1B |
| Account Payables | $80M |
| Short-Term Debt | $3M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $890M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $302M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.7B |
| TOTAL LIABILITIES & EQUITY | $4.1B |
| Total Debt | $892M |
| Net Debt | $752M |
