| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $191M | $214M | 6.5% | -5.3% |
| Op. Income | -$68M | -$300.0K | $11M | -22400.0% | -697.3% |
| Gross Margin | 31.6% | 29.9% | 34.1% | 1.6pp | -2.6pp |
| Net Margin | -36.3% | -0.7% | 3.8% | -35.6pp | -40.1pp |
| EPS (Diluted) | $-4.00 | $-0.08 | $0.44 | -5184.0% | -1009.1% |
| Free Cash Flow | $6M | $2M | $9M | 166.7% | -36.4% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $139M |
| GROSS PROFIT | $64M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $49M |
| Other Expenses | $76M |
| Operating Expenses | $132M |
| Cost & Expenses | $270M |
| OPERATING INCOME | -$68M |
| Interest Income | $800.0K |
| Interest Expense | $400.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$69M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$74M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$74M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$74M |
| D&A | $12M |
| EBIT | $9M |
| EBITDA | $20M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$74M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $72M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $800.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$400.0K |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $157M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $151M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $500M |
| PP&E (Net) | $406M |
| Goodwill | $306M |
| Intangible Assets | $106M |
| Long-Term Investments | $0 |
| Tax Assets | $66M |
| Other Non-Current Assets | $68M |
| TOTAL NON-CURRENT ASSETS | $951M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $53M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $245M |
| Common Stock | $18M |
| Additional Paid-In Capital | $126M |
| Retained Earnings | $1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $24M |
| Net Debt | -$134M |
