| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $284M | $392M | $300M | -27.7% | -5.5% |
| Op. Income | $10M | $9M | -$5M | 8.3% | 315.2% |
| Gross Margin | 11.7% | 32.9% | 30.7% | -21.1pp | -19.0pp |
| Net Margin | 1.4% | 0.3% | -3.2% | 1.1pp | 4.6pp |
| EPS (Diluted) | $0.21 | $0.07 | $-0.61 | 207.9% | 134.4% |
| Free Cash Flow | $3M | $8M | -$5M | -55.2% | 166.9% |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $250M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $17M |
| SG&A Expenses | $24M |
| Other Expenses | -$256.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$97.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $12M |
| EBIT | $10M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $284M |
| Cost of Revenue | $250M |
| GROSS PROFIT | $33M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $17M |
| SG&A Expenses | $24M |
| Other Expenses | -$256.0K |
| Operating Expenses | $24M |
| Cost & Expenses | $274M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | -$97.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $12M |
| EBIT | $10M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | -$2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $525.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$913.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $253.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $26M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $480M |
| Goodwill | $0 |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $502M |
| TOTAL ASSETS | $587M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $48M |
| TOTAL CURRENT LIABILITIES | $185M |
| Long-Term Debt | $163M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $481M |
| TOTAL LIABILITIES | $666M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $217M |
| Retained Earnings | -$148M |
| Treasury Stock | -$148M |
| Accum. Other Comp. Income | -$60.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$79M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$79M |
| TOTAL LIABILITIES & EQUITY | $587M |
| Total Debt | $523M |
| Net Debt | $499M |
