| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $459M | $381M | $551M | 20.5% | -16.7% |
| Op. Income | -$5M | $315M | $44M | -101.5% | -110.9% |
| Gross Margin | 9.0% | 5.0% | 16.3% | 4.0pp | -7.3pp |
| Net Margin | -2.1% | 60.6% | 5.3% | -62.7pp | -7.4pp |
| EPS (Diluted) | $-0.23 | $5.36 | $0.64 | -104.3% | -135.9% |
| Free Cash Flow | -$22M | -$9M | -$6M | -145.9% | -262.8% |
| Item | Amount |
|---|---|
| REVENUE | $459M |
| Cost of Revenue | $417M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $6M |
| General & Administrative | $37M |
| SG&A Expenses | $43M |
| Other Expenses | $3M |
| Operating Expenses | $46M |
| Cost & Expenses | $464M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $14M |
| EBIT | -$7M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $288.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $212M |
| Inventory | $252M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $624M |
| PP&E (Net) | $328M |
| Goodwill | $197M |
| Intangible Assets | $69M |
| Long-Term Investments | $7M |
| Tax Assets | $8M |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $752M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $178M |
| Short-Term Debt | $0 |
| Deferred Revenue | $31M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $372M |
| Long-Term Debt | $437M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $180M |
| TOTAL NON-CURRENT LIABILITIES | $617M |
| TOTAL LIABILITIES | $990M |
| Common Stock | $787.0K |
| Additional Paid-In Capital | $695M |
| Retained Earnings | $320M |
| Treasury Stock | -$630M |
| Accum. Other Comp. Income | -$202.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $385M |
| Minority Interest | $1M |
| TOTAL EQUITY | $386M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $450M |
| Net Debt | $393M |
