| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $345M | $428M | $279M | -19.3% | 23.9% |
| Op. Income | $32M | $82M | $13M | -61.0% | 139.4% |
| Gross Margin | 52.7% | 58.6% | 52.2% | -6.0pp | 0.5pp |
| Net Margin | -49.4% | 2.6% | -21.6% | -52.0pp | -27.8pp |
| EPS (Diluted) | $-1.10 | $0.07 | $-0.37 | -1656.7% | -196.1% |
| Free Cash Flow | $18M | $72M | $114M | -74.6% | -84.0% |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $163M |
| GROSS PROFIT | $182M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $127M |
| Operating Expenses | $150M |
| Cost & Expenses | $313M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $28M |
| Other Income/Expenses | $61M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | $39M |
| Net Income from Continuing Ops | $54M |
| Net Income from Discontinued Ops | -$225M |
| Other Adjustments | $0 |
| NET INCOME | -$171M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$171M |
| D&A | $135M |
| EBIT | $121M |
| EBITDA | $255M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$171M |
| Depreciation & Amortization | $135M |
| Stock-Based Compensation | $939.8K |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $234M |
| Change in Working Capital | -$81M |
| OPERATING CASH FLOW | $103M |
| Capital Expenditure | -$84M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60M |
| NET CASH FROM INVESTING | -$145M |
| Net Debt Issuance | $95M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $90.6K |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $219M |
| Inventory | $46M |
| Other Current Assets | $493M |
| TOTAL CURRENT ASSETS | $856M |
| PP&E (Net) | $3.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $56M |
| Tax Assets | $62M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.9B |
| Account Payables | $295M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $110M |
| TOTAL CURRENT LIABILITIES | $441M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $282M |
| Other Non-Current Liabilities | $746M |
| TOTAL NON-CURRENT LIABILITIES | $2.5B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $2.8B |
| Additional Paid-In Capital | $27M |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $204M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.9B |
| Total Debt | $1.5B |
| Net Debt | $1.4B |
