| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $326M | $340M | $360M | -4.2% | -9.4% |
| Op. Income | $45M | $38M | $57M | 19.5% | -21.0% |
| Gross Margin | 30.3% | 32.3% | 35.0% | -2.0pp | -4.7pp |
| Net Margin | -49.0% | 7.4% | 10.2% | -56.4pp | -59.2pp |
| EPS (Diluted) | $-1.73 | $0.26 | $0.36 | -765.4% | -580.6% |
| Free Cash Flow | $3M | $48M | $31M | -94.7% | -91.7% |
| Item | Amount |
|---|---|
| REVENUE | $326M |
| Cost of Revenue | $227M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $28M |
| General & Administrative | $35M |
| SG&A Expenses | $63M |
| Other Expenses | -$9M |
| Operating Expenses | $54M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$263M |
| INCOME BEFORE TAX | -$218M |
| Income Tax Expense | -$58M |
| Net Income from Continuing Ops | -$160M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$160M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$160M |
| D&A | $4M |
| EBIT | $45M |
| EBITDA | $49M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$160M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$63M |
| Other Non-Cash Items | $257M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$47.0K |
| Common Stock Repurchased | -$89M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$833.0K |
| NET CASH FROM FINANCING | -$89M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $0 |
| Net Receivables | $124M |
| Inventory | $190M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $439M |
| PP&E (Net) | $43M |
| Goodwill | $590M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $67M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $87M |
| Long-Term Debt | $397M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $107M |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $549M |
| TOTAL LIABILITIES | $636M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $456M |
| Treasury Stock | -$319M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $397M |
| Net Debt | $289M |
