| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $330M | $308M | 1.7% | 9.0% |
| Op. Income | $18M | $13M | $11M | 31.5% | 55.9% |
| Gross Margin | 30.3% | 29.9% | 29.3% | 0.4pp | 1.0pp |
| Net Margin | 3.9% | 3.0% | 2.6% | 0.9pp | 1.3pp |
| EPS (Diluted) | $0.56 | $0.43 | $0.35 | 30.2% | 60.0% |
| Free Cash Flow | $44M | -$7M | $10M | 725.2% | 359.7% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $73M |
| Operating Expenses | $84M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $750.0K |
| Other Income/Expenses | -$750.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $8M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $102M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $73M |
| Operating Expenses | $84M |
| Cost & Expenses | $318M |
| OPERATING INCOME | $18M |
| Interest Income | $0 |
| Interest Expense | $750.0K |
| Other Income/Expenses | -$750.0K |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $8M |
| EBIT | $18M |
| EBITDA | $25M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $822.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $33.0K |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | $10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$73.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $125M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $163M |
| PP&E (Net) | $486M |
| Goodwill | $5M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $279.0K |
| TOTAL NON-CURRENT ASSETS | $501M |
| TOTAL ASSETS | $665M |
| Account Payables | $92M |
| Short-Term Debt | $40M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$40M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $254M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | -$254M |
| TOTAL NON-CURRENT LIABILITIES | $304M |
| TOTAL LIABILITIES | $472M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | $131M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $193M |
| Minority Interest | $0 |
| TOTAL EQUITY | $193M |
| TOTAL LIABILITIES & EQUITY | $665M |
| Total Debt | $336M |
| Net Debt | $314M |
