| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $95M | $56M | 21.4% | 106.7% |
| Op. Income | $125.4K | -$2M | -$3M | 105.3% | 104.8% |
| Gross Margin | 9.4% | 8.3% | 13.8% | 1.1pp | -4.5pp |
| Net Margin | -1.3% | -3.4% | -6.4% | 2.0pp | 5.0pp |
| EPS (Diluted) | $-0.06 | $-0.12 | $-0.24 | 50.0% | 75.0% |
| Free Cash Flow | $11M | -$1M | -$1M | 1216.9% | 918.4% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $105M |
| GROSS PROFIT | $11M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | -$235.1K |
| Operating Expenses | $11M |
| Cost & Expenses | $115M |
| OPERATING INCOME | $125.4K |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$325.3K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $10M |
| EBIT | -$44.3K |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $620.3K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$319.1K |
| Acquisitions (Net) | -$8M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$132.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$132.8K |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $48M |
| Inventory | $2M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $138M |
| Goodwill | $174M |
| Intangible Assets | $130M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $449M |
| TOTAL ASSETS | $520M |
| Account Payables | $12M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $40M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $181M |
| Common Stock | $277.4K |
| Additional Paid-In Capital | $353M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $340M |
| Minority Interest | $0 |
| TOTAL EQUITY | $340M |
| TOTAL LIABILITIES & EQUITY | $520M |
| Total Debt | $101M |
| Net Debt | $87M |
