| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $365M | $284M | $391M | 28.6% | -6.5% |
| Op. Income | $86M | $63M | $75M | 37.2% | 15.3% |
| Gross Margin | 37.8% | 39.9% | 31.5% | -2.2pp | 6.2pp |
| Net Margin | -40.1% | 7.2% | -72.6% | -47.3pp | 32.5pp |
| EPS (Diluted) | $-4.02 | $0.56 | $-7.81 | -817.9% | 48.5% |
| Free Cash Flow | $67M | $15M | $12M | 333.8% | 475.9% |
| Item | Amount |
|---|---|
| REVENUE | $365M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $138M |
| R&D Expenses | $8M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $52M |
| Cost & Expenses | $279M |
| OPERATING INCOME | $86M |
| Interest Income | $1M |
| Interest Expense | $20M |
| Other Income/Expenses | -$229M |
| INCOME BEFORE TAX | -$143M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$147M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$147M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$147M |
| D&A | $26M |
| EBIT | -$123M |
| EBITDA | -$97M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$147M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $212M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $79M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $9M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$63M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$63M |
| FREE CASH FLOW | $67M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $0 |
| Net Receivables | $193M |
| Inventory | $220M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $536M |
| PP&E (Net) | $694M |
| Goodwill | $4M |
| Intangible Assets | $279M |
| Long-Term Investments | $85M |
| Tax Assets | $119M |
| Other Non-Current Assets | $161M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $102M |
| Short-Term Debt | $95M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $393M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $57M |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $185M |
| Retained Earnings | $446M |
| Treasury Stock | -$515M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $121M |
| Minority Interest | $0 |
| TOTAL EQUITY | $121M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
