| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $147M | $150M | $132M | -2.1% | 11.2% |
| Op. Income | $4M | $6M | -$1M | -35.1% | 354.3% |
| Gross Margin | 11.7% | 12.9% | 8.3% | -1.2pp | 3.4pp |
| Net Margin | -7.1% | -4.7% | -10.6% | -2.4pp | 3.5pp |
| EPS (Diluted) | $-0.25 | $-0.18 | $-0.40 | -38.9% | 37.5% |
| Free Cash Flow | $4M | -$9M | $10M | 145.5% | -58.9% |
| Item | Amount |
|---|---|
| REVENUE | $147M |
| Cost of Revenue | $130M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$306.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $144M |
| OPERATING INCOME | $4M |
| Interest Income | $319.0K |
| Interest Expense | $15M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | -$454.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $12M |
| EBIT | $4M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $539.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $107.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $592.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $480.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $54M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $176M |
| PP&E (Net) | $107M |
| Goodwill | $0 |
| Intangible Assets | $74M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $185M |
| TOTAL ASSETS | $361M |
| Account Payables | $44M |
| Short-Term Debt | $913.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $94M |
| Long-Term Debt | $323M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92.0K |
| TOTAL NON-CURRENT LIABILITIES | $349M |
| TOTAL LIABILITIES | $443M |
| Common Stock | $434.0K |
| Additional Paid-In Capital | $808M |
| Retained Earnings | -$885M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$82M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$82M |
| TOTAL LIABILITIES & EQUITY | $361M |
| Total Debt | $363M |
| Net Debt | $345M |
