| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $264M | $327M | $254M | -19.3% | 3.6% |
| Op. Income | $16M | $56M | $12M | -71.1% | 31.5% |
| Gross Margin | 66.0% | 71.6% | 8.2% | -5.5pp | 57.9pp |
| Net Margin | 2.5% | 11.2% | 0.7% | -8.7pp | 1.8pp |
| EPS (Diluted) | $0.12 | $0.66 | $0.03 | -81.8% | 262.5% |
| Free Cash Flow | $14M | $1M | -$382.0K | 1272.4% | 3771.7% |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $150M |
| Operating Expenses | $158M |
| Cost & Expenses | $247M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $25M |
| EBIT | $18M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $264M |
| Cost of Revenue | $90M |
| GROSS PROFIT | $174M |
| R&D Expenses | $0 |
| Selling & Marketing | $8M |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $150M |
| Operating Expenses | $158M |
| Cost & Expenses | $247M |
| OPERATING INCOME | $16M |
| Interest Income | $2M |
| Interest Expense | $9M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $25M |
| EBIT | $18M |
| EBITDA | $43M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $3M |
| Net Debt Issuance | -$36M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$398.0K |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $101M |
| Net Receivables | $35M |
| Inventory | $11M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $952M |
| Goodwill | $222M |
| Intangible Assets | $75M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $81M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $57M |
| Short-Term Debt | $81M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $129M |
| TOTAL CURRENT LIABILITIES | $355M |
| Long-Term Debt | $201M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $34M |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $584M |
| TOTAL LIABILITIES | $939M |
| Common Stock | $603.0K |
| Additional Paid-In Capital | $538M |
| Retained Earnings | $190M |
| Treasury Stock | -$116M |
| Accum. Other Comp. Income | -$32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $613M |
| Minority Interest | $0 |
| TOTAL EQUITY | $613M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $562M |
| Net Debt | $525M |
