| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $326M | $359M | $357M | -9.3% | -8.6% |
| Op. Income | -$3M | $10M | -$533.0K | -133.3% | -494.2% |
| Gross Margin | 9.1% | 13.0% | 8.6% | -3.9pp | 0.5pp |
| Net Margin | -2.2% | 2.7% | -1.0% | -4.9pp | -1.2pp |
| EPS (Diluted) | $-0.07 | $0.09 | $-0.03 | -175.5% | -100.3% |
| Free Cash Flow | $17M | $14M | $68M | 24.0% | -74.8% |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $296M |
| GROSS PROFIT | $30M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $28M |
| SG&A Expenses | $28M |
| Other Expenses | $4M |
| Operating Expenses | $33M |
| Cost & Expenses | $329M |
| OPERATING INCOME | -$3M |
| Interest Income | $300.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $43M |
| EBIT | -$3M |
| EBITDA | $40M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $687.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $54M |
| Capital Expenditure | -$37M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $264.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $8M |
| Net Receivables | $211M |
| Inventory | $16M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $327M |
| PP&E (Net) | $699M |
| Goodwill | $920.0K |
| Intangible Assets | $60M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $902M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $110M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $231M |
| Long-Term Debt | $58M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $63M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $174M |
| TOTAL LIABILITIES | $405M |
| Common Stock | $104.0K |
| Additional Paid-In Capital | $890M |
| Retained Earnings | -$66M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $824M |
| Minority Interest | $0 |
| TOTAL EQUITY | $824M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $167M |
| Net Debt | $93M |
