| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $232M | $328M | 0.5% | -29.1% |
| Op. Income | $55M | $74M | $107M | -26.1% | -48.5% |
| Gross Margin | 26.3% | 19.8% | 36.7% | 6.4pp | -10.4pp |
| Net Margin | 26.9% | 32.8% | 33.9% | -5.9pp | -7.0pp |
| EPS (Diluted) | $1.80 | $2.19 | $3.20 | -17.8% | -43.8% |
| Free Cash Flow | $15M | $51M | $141M | -70.5% | -89.3% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$8M |
| Operating Expenses | $6M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $55M |
| Interest Income | $8M |
| Interest Expense | $777.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | -$432.0K |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $21M |
| EBIT | $63M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $172M |
| GROSS PROFIT | $61M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | -$8M |
| Operating Expenses | $6M |
| Cost & Expenses | $178M |
| OPERATING INCOME | $55M |
| Interest Income | $8M |
| Interest Expense | $777.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $62M |
| Income Tax Expense | -$432.0K |
| Net Income from Continuing Ops | $63M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $63M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $63M |
| D&A | $21M |
| EBIT | $63M |
| EBITDA | $84M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $63M |
| Depreciation & Amortization | $21M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$15M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $72M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $63M |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$692.0K |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$43M |
| Other Financing Activities | -$453.0K |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $650M |
| Short-Term Investments | $81M |
| Net Receivables | $147M |
| Inventory | $34M |
| Other Current Assets | $115M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $969M |
| Goodwill | $2M |
| Intangible Assets | $8M |
| Long-Term Investments | $17M |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $112M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $132M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $212M |
| Common Stock | $1.3B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $534M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $50M |
| Net Debt | -$600M |
