| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $295M | $270M | $262M | 9.3% | 12.5% |
| Op. Income | -$59M | -$49M | -$57M | -19.7% | -4.4% |
| Gross Margin | 29.0% | 29.8% | 24.5% | -0.8pp | 4.6pp |
| Net Margin | -40.5% | -19.6% | -25.3% | -20.9pp | -15.2pp |
| EPS (Diluted) | $-1.40 | $-0.54 | $-0.95 | -159.3% | -47.7% |
| Free Cash Flow | -$64M | -$57M | -$48M | -13.3% | -33.4% |
| Item | Amount |
|---|---|
| REVENUE | $295M |
| Cost of Revenue | $209M |
| GROSS PROFIT | $86M |
| R&D Expenses | $83.9K |
| Selling & Marketing | $36M |
| General & Administrative | $65M |
| SG&A Expenses | $101M |
| Other Expenses | $43M |
| Operating Expenses | $145M |
| Cost & Expenses | $354M |
| OPERATING INCOME | -$59M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$57M |
| INCOME BEFORE TAX | -$116M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$119M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$119M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$119M |
| D&A | $48M |
| EBIT | -$106M |
| EBITDA | -$58M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$119M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $39M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$25M |
| Purchases of Investments | $17M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $265M |
| Short-Term Investments | $87M |
| Net Receivables | $158M |
| Inventory | $372M |
| Other Current Assets | $107M |
| TOTAL CURRENT ASSETS | $989M |
| PP&E (Net) | $801M |
| Goodwill | $2.8B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $139M |
| Short-Term Debt | $56M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $187M |
| TOTAL CURRENT LIABILITIES | $390M |
| Long-Term Debt | $380M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $176M |
| Other Non-Current Liabilities | $23.8K |
| TOTAL NON-CURRENT LIABILITIES | $643M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $130.1K |
| Additional Paid-In Capital | $8.8B |
| Retained Earnings | -$3.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$67M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.9B |
| Minority Interest | -$27M |
| TOTAL EQUITY | $4.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $523M |
| Net Debt | $257M |
