| Metric | Q2 2026 | Q1 2026 | Q2 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $258M | $251M | $215M | 2.6% | 19.6% |
| Op. Income | $27M | $37M | $9M | -26.6% | 193.2% |
| Gross Margin | 52.0% | 52.2% | 48.8% | -0.2pp | 3.2pp |
| Net Margin | -10.5% | 7.7% | -79.1% | -18.2pp | 68.6pp |
| EPS (Diluted) | $-0.31 | $0.22 | $-2.61 | -240.9% | 88.1% |
| Free Cash Flow | $42M | $26M | -$12M | 63.9% | 447.5% |
| Item | Amount |
|---|---|
| REVENUE | $258M |
| Cost of Revenue | $124M |
| GROSS PROFIT | $134M |
| R&D Expenses | $48M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $230M |
| OPERATING INCOME | $27M |
| Interest Income | $529.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$50M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $12M |
| EBIT | $27M |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $44M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$28M |
| FREE CASH FLOW | $42M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $13M |
| Net Receivables | $154M |
| Inventory | $183M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $615M |
| PP&E (Net) | $116M |
| Goodwill | $492M |
| Intangible Assets | $35M |
| Long-Term Investments | $0 |
| Tax Assets | $37M |
| Other Non-Current Assets | $112M |
| TOTAL NON-CURRENT ASSETS | $791M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $71M |
| Short-Term Debt | $7M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $499.0K |
| TOTAL CURRENT LIABILITIES | $243M |
| Long-Term Debt | $519M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $610M |
| TOTAL LIABILITIES | $853M |
| Common Stock | $990.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$403M |
| Treasury Stock | -$501M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $553M |
| Minority Interest | $0 |
| TOTAL EQUITY | $553M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $519M |
| Net Debt | $350M |
