| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90M | $84M | $57M | 6.6% | 56.8% |
| Op. Income | -$4M | -$4M | -$10M | -3.7% | 63.2% |
| Gross Margin | 27.7% | 24.5% | 18.4% | 3.2pp | 9.3pp |
| Net Margin | -0.2% | 2.9% | 4.9% | -3.0pp | -5.1pp |
| EPS (Diluted) | $-0.00 | $0.06 | $0.09 | -104.8% | -103.1% |
| Free Cash Flow | -$7M | $30M | -$7M | -124.6% | -3.1% |
| Item | Amount |
|---|---|
| REVENUE | $90M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $19M |
| Operating Expenses | $29M |
| Cost & Expenses | $94M |
| OPERATING INCOME | -$4M |
| Interest Income | $300.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$135.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$135.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$135.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$135.0K |
| D&A | $22M |
| EBIT | $2M |
| EBITDA | $24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$135.0K |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$34M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$43M |
| Net Debt Issuance | -$143M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$32M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $37M |
| Inventory | $0 |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $71M |
| PP&E (Net) | $958M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $976M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $202M |
| TOTAL NON-CURRENT LIABILITIES | $221M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $753M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $753M |
| Minority Interest | $0 |
| TOTAL EQUITY | $753M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $19M |
| Net Debt | $11M |
