| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $208M | — | $202M | — | 3.0% |
| Op. Income | -$22M | — | -$39M | — | 43.4% |
| Gross Margin | 32.5% | — | 29.2% | — | 3.3pp |
| Net Margin | -26.9% | — | -15.0% | — | -11.8pp |
| EPS (Diluted) | $-1.86 | — | $-1.02 | — | -82.4% |
| Free Cash Flow | -$5M | — | -$61M | — | 91.5% |
| Item | Amount |
|---|---|
| REVENUE | $208M |
| Cost of Revenue | $141M |
| GROSS PROFIT | $68M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $84M |
| Other Expenses | $1M |
| Operating Expenses | $90M |
| Cost & Expenses | $230M |
| OPERATING INCOME | -$22M |
| Interest Income | $1M |
| Interest Expense | $16M |
| Other Income/Expenses | -$32M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$56M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$56M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$56M |
| D&A | $12M |
| EBIT | -$54M |
| EBITDA | -$42M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$56M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $24M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$453.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $68M |
| Short-Term Investments | $0 |
| Net Receivables | $126M |
| Inventory | $66M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $271M |
| PP&E (Net) | $348M |
| Goodwill | $125M |
| Intangible Assets | $9M |
| Long-Term Investments | $31M |
| Tax Assets | $5M |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $532M |
| TOTAL ASSETS | $803M |
| Account Payables | $65M |
| Short-Term Debt | $334M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $552M |
| Long-Term Debt | $116M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $155M |
| TOTAL LIABILITIES | $706M |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$222M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $1M |
| TOTAL EQUITY | $97M |
| TOTAL LIABILITIES & EQUITY | $803M |
| Total Debt | $493M |
| Net Debt | $425M |
