| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $403M | $414M | $389M | -2.7% | 3.7% |
| Op. Income | $67M | $144M | $76M | -53.5% | -12.4% |
| Gross Margin | 37.3% | 36.9% | 37.6% | 0.4pp | -0.3pp |
| Net Margin | 9.3% | 22.1% | 10.7% | -12.8pp | -1.3pp |
| EPS (Diluted) | $0.29 | $0.71 | $0.32 | -59.2% | -9.4% |
| Free Cash Flow | -$5M | -$12M | $23M | 62.9% | -119.7% |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | -$3M |
| Operating Expenses | $84M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | -$700.0K |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $68M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $403M |
| Cost of Revenue | $253M |
| GROSS PROFIT | $151M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $86M |
| SG&A Expenses | $86M |
| Other Expenses | -$3M |
| Operating Expenses | $84M |
| Cost & Expenses | $336M |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $51M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | -$700.0K |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $28M |
| EBIT | $68M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $47M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | -$5M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $44M |
| Common Stock Repurchased | -$31M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $86M |
| Inventory | $42M |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $230M |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $691M |
| Long-Term Investments | $4M |
| Tax Assets | $0 |
| Other Non-Current Assets | $219M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $103M |
| Short-Term Debt | $24M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $189M |
| TOTAL CURRENT LIABILITIES | $316M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $541M |
| TOTAL NON-CURRENT LIABILITIES | $1.9B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $53M |
| Retained Earnings | $192M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $249M |
| Minority Interest | $0 |
| TOTAL EQUITY | $249M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
