| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $70M | $101M | -11.9% | -38.8% |
| Op. Income | -$17M | -$1M | $30M | -1486.8% | -157.8% |
| Gross Margin | -7.2% | 25.7% | 46.5% | -32.9pp | -53.7pp |
| Net Margin | -24.2% | -9.2% | 18.3% | -15.0pp | -42.5pp |
| EPS (Diluted) | $-0.15 | $-0.07 | $0.18 | -114.3% | -183.3% |
| Free Cash Flow | $28M | -$13M | $32M | 308.2% | -13.4% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $66M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$17M |
| Interest Income | $210.0K |
| Interest Expense | $996.0K |
| Other Income/Expenses | -$781.0K |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | -$13.0K |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $18M |
| EBIT | -$17M |
| EBITDA | $748.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | $17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$24M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | -$973.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$58.0K |
| NET CASH FROM FINANCING | -$19M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $362M |
| Goodwill | $41M |
| Intangible Assets | $46M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $451M |
| TOTAL ASSETS | $534M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $24M |
| Deferred Revenue NC | $536.0K |
| Deferred Tax Liabilities | $44M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $133M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $150M |
| Retained Earnings | $311M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | -$91.0K |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $534M |
| Total Debt | $38M |
| Net Debt | $19M |
