| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241M | $233M | $236M | 3.3% | 2.2% |
| Op. Income | $15M | $32M | $26M | -54.0% | -42.0% |
| Gross Margin | 44.3% | 44.7% | 44.0% | -0.4pp | 0.3pp |
| Net Margin | 1.9% | 9.1% | 5.8% | -7.2pp | -4.0pp |
| EPS (Diluted) | $0.12 | $0.59 | $0.38 | -79.7% | -68.4% |
| Free Cash Flow | $12M | $27M | $36M | -57.4% | -67.7% |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $107M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $19M |
| Operating Expenses | $92M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $16M |
| EBIT | $27M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $134M |
| GROSS PROFIT | $107M |
| R&D Expenses | $25M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $19M |
| Operating Expenses | $92M |
| Cost & Expenses | $226M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $16M |
| EBIT | $27M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$63M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | $59M |
| Common Stock Repurchased | -$112.6K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $55M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $161M |
| Inventory | $168M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $462M |
| PP&E (Net) | $163M |
| Goodwill | $649M |
| Intangible Assets | $204M |
| Long-Term Investments | $0 |
| Tax Assets | $27M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $89M |
| Short-Term Debt | $16M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $182M |
| Long-Term Debt | $454M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $528M |
| TOTAL LIABILITIES | $710M |
| Common Stock | $424M |
| Additional Paid-In Capital | $85M |
| Retained Earnings | $293M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $801M |
| Minority Interest | $0 |
| TOTAL EQUITY | $801M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $513M |
| Net Debt | $403M |
