| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | $104M | $85M | 16.2% | 41.6% |
| Op. Income | $6M | $9M | $6M | -32.8% | -4.2% |
| Gross Margin | 15.4% | 17.5% | 16.8% | -2.1pp | -1.4pp |
| Net Margin | 4.3% | 7.3% | 7.1% | -3.1pp | -2.9pp |
| EPS (Diluted) | $0.72 | $1.07 | $0.85 | -32.7% | -15.3% |
| Free Cash Flow | -$13M | -$11M | -$35M | -27.2% | 61.3% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $12M |
| Operating Expenses | $12M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $517.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $12M |
| Operating Expenses | $12M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $6M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $517.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $1M |
| EBIT | $9M |
| EBITDA | $10M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | -$979.0K |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $739.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $3M |
| Net Receivables | $54M |
| Inventory | $302M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $365M |
| PP&E (Net) | $74M |
| Goodwill | $19M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $472M |
| Account Payables | $43M |
| Short-Term Debt | $13M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $7M |
| Additional Paid-In Capital | $18M |
| Retained Earnings | $359M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | $13.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $374M |
| Minority Interest | $0 |
| TOTAL EQUITY | $374M |
| TOTAL LIABILITIES & EQUITY | $472M |
| Total Debt | $22M |
| Net Debt | $21M |
