| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $258M | $237M | 3.7% | 12.7% |
| Op. Income | -$15M | -$28M | -$18M | 46.5% | 15.1% |
| Gross Margin | 45.7% | 46.9% | 46.0% | -1.2pp | -0.3pp |
| Net Margin | 0.7% | -9.0% | -3.8% | 9.6pp | 4.5pp |
| EPS (Diluted) | $0.05 | $-0.58 | $-0.23 | 107.8% | 119.7% |
| Free Cash Flow | $18M | -$21M | $29M | 188.3% | -37.2% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $122M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $54M |
| Operating Expenses | $137M |
| Cost & Expenses | $282M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$28M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $32M |
| EBIT | -$14M |
| EBITDA | $18M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $35M |
| Deferred Income Tax | -$26M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$800.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$197M |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$275M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$236M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $596M |
| Short-Term Investments | $0 |
| Net Receivables | $147M |
| Inventory | $120M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $891M |
| PP&E (Net) | $121M |
| Goodwill | $820M |
| Intangible Assets | $285M |
| Long-Term Investments | $0 |
| Tax Assets | $369M |
| Other Non-Current Assets | $43M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $84M |
| Short-Term Debt | $0 |
| Deferred Revenue | $54M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $230M |
| Long-Term Debt | $833M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $922M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$953M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $881M |
| Net Debt | $285M |
