| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $408M | $418M | $436M | -2.4% | -6.4% |
| Op. Income | $24M | $66M | $66M | -63.6% | -63.6% |
| Gross Margin | 56.4% | 59.3% | 60.8% | -3.0pp | -4.4pp |
| Net Margin | 2.2% | 10.5% | 8.5% | -8.3pp | -6.3pp |
| EPS (Diluted) | $0.09 | $0.45 | $0.38 | -80.0% | -76.3% |
| Free Cash Flow | $39M | $7M | $39M | 457.1% | 0.0% |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $230M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $24M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $23M |
| EBIT | $19M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $408M |
| Cost of Revenue | $178M |
| GROSS PROFIT | $230M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $135M |
| Other Expenses | $0 |
| Operating Expenses | $206M |
| Cost & Expenses | $384M |
| OPERATING INCOME | $24M |
| Interest Income | $2M |
| Interest Expense | $6M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $23M |
| EBIT | $19M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | $43M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | -$28M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$51M |
| FREE CASH FLOW | $39M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $369M |
| Short-Term Investments | $0 |
| Net Receivables | $293M |
| Inventory | $5M |
| Other Current Assets | $90M |
| TOTAL CURRENT ASSETS | $757M |
| PP&E (Net) | $214M |
| Goodwill | $400M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $231M |
| Other Non-Current Assets | $135M |
| TOTAL NON-CURRENT ASSETS | $980M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $115M |
| Short-Term Debt | $25M |
| Deferred Revenue | $521M |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $898M |
| Long-Term Debt | $443M |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $147M |
| TOTAL NON-CURRENT LIABILITIES | $663M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$137M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $176M |
| Minority Interest | $0 |
| TOTAL EQUITY | $176M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $583M |
| Net Debt | $214M |
