| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $61M | $78M | 0.6% | -20.9% |
| Op. Income | -$92M | -$14M | -$7M | -541.8% | -1188.8% |
| Gross Margin | -30.9% | 14.7% | 16.6% | -45.6pp | -47.5pp |
| Net Margin | -157.0% | -4.8% | -23.2% | -152.2pp | -133.9pp |
| EPS (Diluted) | $-1.41 | $-0.09 | $-0.28 | -1449.5% | -403.6% |
| Free Cash Flow | -$91M | -$47M | -$11M | -93.3% | -709.7% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $81M |
| GROSS PROFIT | -$19M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $71M |
| Operating Expenses | $73M |
| Cost & Expenses | $154M |
| OPERATING INCOME | -$92M |
| Interest Income | $0 |
| Interest Expense | $24M |
| Other Income/Expenses | -$38M |
| INCOME BEFORE TAX | -$130M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$127M |
| D&A | $5M |
| EBIT | -$75M |
| EBITDA | -$70M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$97M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $36M |
| Deferred Income Tax | -$32M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$88M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$152M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$158M |
| Net Debt Issuance | $85M |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8.0K |
| NET CASH FROM FINANCING | $269M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $59M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $245M |
| PP&E (Net) | $78M |
| Goodwill | $789M |
| Intangible Assets | $396M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $521.0K |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $39M |
| Short-Term Debt | $12M |
| Deferred Revenue | $65M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $185M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $281M |
| TOTAL LIABILITIES | $449M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$493M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $232M |
| Net Debt | $154M |
