| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $339M | $324M | $299M | 4.7% | 13.4% |
| Op. Income | $41M | $40M | -$81M | 1.2% | 150.4% |
| Gross Margin | 66.0% | 66.6% | 54.4% | -0.6pp | 11.6pp |
| Net Margin | 13.3% | 12.1% | -20.1% | 1.2pp | 33.4pp |
| EPS (Diluted) | $1.15 | $1.00 | $-1.55 | 15.0% | 174.2% |
| Free Cash Flow | $29M | $36M | $18M | -17.3% | 62.5% |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $224M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $41M |
| Interest Income | $4M |
| Interest Expense | $319.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $40.0K |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $6M |
| EBIT | $46M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $339M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $224M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $160M |
| Other Expenses | $0 |
| Operating Expenses | $183M |
| Cost & Expenses | $299M |
| OPERATING INCOME | $41M |
| Interest Income | $4M |
| Interest Expense | $319.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $40.0K |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $6M |
| EBIT | $46M |
| EBITDA | $51M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $966.0K |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$691.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$62.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $422M |
| Short-Term Investments | $3M |
| Net Receivables | $176M |
| Inventory | $428M |
| Other Current Assets | $38M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $286M |
| Goodwill | $167M |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $109M |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $609M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $223M |
| TOTAL LIABILITIES | $381M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $144M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $221M |
| Net Debt | -$201M |
