| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.6B | 8.2% | -0.1% |
| Op. Income | $30M | -$4M | $67M | 850.0% | -55.2% |
| Gross Margin | 28.0% | 29.2% | 33.0% | -1.3pp | -5.0pp |
| Net Margin | -6.7% | -6.2% | 1.1% | -0.5pp | -7.9pp |
| EPS (Diluted) | $-0.87 | $-0.75 | $0.12 | -16.0% | -825.0% |
| Free Cash Flow | -$30M | -$109M | $115M | 72.5% | -126.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.6B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $441M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $368M |
| Other Expenses | $0 |
| Operating Expenses | $411M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $30M |
| Interest Income | $6M |
| Interest Expense | $55M |
| Other Income/Expenses | -$90M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $46M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$109M |
| D&A | $57M |
| EBIT | -$5M |
| EBITDA | $52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $650M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$19M |
| Other Financing Activities | -$13M |
| NET CASH FROM FINANCING | $618M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $595M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $449M |
| Short-Term Investments | $0 |
| Net Receivables | $1.5B |
| Inventory | $871M |
| Other Current Assets | $731M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $249M |
| Goodwill | $2.0B |
| Intangible Assets | $222M |
| Long-Term Investments | $990M |
| Tax Assets | $551M |
| Other Non-Current Assets | $1.3B |
| TOTAL NON-CURRENT ASSETS | $5.3B |
| TOTAL ASSETS | $8.9B |
| Account Payables | $1.1B |
| Short-Term Debt | $458M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $645M |
| TOTAL CURRENT LIABILITIES | $2.4B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.5B |
| TOTAL NON-CURRENT LIABILITIES | $5.1B |
| TOTAL LIABILITIES | $7.5B |
| Common Stock | $126M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $3.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.4B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $15M |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $8.9B |
| Total Debt | $4.1B |
| Net Debt | $3.7B |
