| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $209M | $231M | 7.4% | -2.8% |
| Op. Income | -$5M | -$16M | $17M | 66.4% | -131.5% |
| Gross Margin | 47.5% | 34.4% | 38.8% | 13.1pp | 8.7pp |
| Net Margin | -7.1% | 17.4% | -197.3% | -24.5pp | 190.2pp |
| EPS (Diluted) | $-0.07 | $0.17 | $-2.10 | -143.1% | 96.5% |
| Free Cash Flow | $43M | -$13M | $23M | 430.4% | 88.1% |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $118M |
| GROSS PROFIT | $107M |
| R&D Expenses | $5M |
| Selling & Marketing | $42M |
| General & Administrative | $65M |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $112M |
| Cost & Expenses | $230M |
| OPERATING INCOME | -$5M |
| Interest Income | $592.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $29M |
| EBIT | -$6M |
| EBITDA | $23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $704.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | $24M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $454.0K |
| NET CASH FROM FINANCING | -$451.0K |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $145M |
| Short-Term Investments | $0 |
| Net Receivables | $132M |
| Inventory | $163M |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $575M |
| PP&E (Net) | $347M |
| Goodwill | $1.0B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $63M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $71M |
| TOTAL CURRENT LIABILITIES | $147M |
| Long-Term Debt | $793M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $274M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$516M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$26M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $793M |
| Net Debt | $648M |
