| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $108M | $163M | 40.6% | -7.1% |
| Op. Income | $3M | -$23M | -$728.0K | 111.8% | 467.9% |
| Gross Margin | 32.5% | 19.8% | 30.7% | 12.7pp | 1.8pp |
| Net Margin | 2.1% | -20.6% | -0.0% | 22.7pp | 2.1pp |
| EPS (Diluted) | $0.10 | $-0.74 | $-0.00 | 113.5% | 4447.8% |
| Free Cash Flow | $17M | -$10M | $8M | 279.5% | 116.4% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $133.0K |
| Operating Expenses | $46M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $446.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$41.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $102M |
| GROSS PROFIT | $49M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $46M |
| SG&A Expenses | $46M |
| Other Expenses | $133.0K |
| Operating Expenses | $46M |
| Cost & Expenses | $149M |
| OPERATING INCOME | $3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $446.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | -$41.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $6M |
| EBIT | $3M |
| EBITDA | $9M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $18M |
| Capital Expenditure | -$529.0K |
| Acquisitions (Net) | $9.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $17M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $81M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $151M |
| PP&E (Net) | $193M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $346M |
| Account Payables | $42M |
| Short-Term Debt | $48M |
| Deferred Revenue | $13M |
| Other Current Liabilities | -$19M |
| TOTAL CURRENT LIABILITIES | $133M |
| Long-Term Debt | $130M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124.0K |
| TOTAL NON-CURRENT LIABILITIES | $130M |
| TOTAL LIABILITIES | $263M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $176M |
| Retained Earnings | -$93M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $346M |
| Total Debt | $179M |
| Net Debt | $128M |
