| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $317M | $283M | $329M | 12.0% | -3.7% |
| Op. Income | -$11M | -$12M | -$10M | 11.0% | -1.0% |
| Gross Margin | 16.5% | 17.2% | 17.0% | -0.7pp | -0.5pp |
| Net Margin | -2.5% | -3.4% | -2.9% | 1.0pp | 0.5pp |
| EPS (Diluted) | $-0.05 | $-0.06 | $-0.06 | 19.5% | 19.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $317M |
| Cost of Revenue | $264M |
| GROSS PROFIT | $52M |
| R&D Expenses | $6M |
| Selling & Marketing | $22M |
| General & Administrative | $22M |
| SG&A Expenses | $43M |
| Other Expenses | $13M |
| Operating Expenses | $63M |
| Cost & Expenses | $327M |
| OPERATING INCOME | -$11M |
| Interest Income | $2M |
| Interest Expense | $443.8K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$7.6K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $160M |
| Short-Term Investments | $96M |
| Net Receivables | $452M |
| Inventory | $109M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $856M |
| PP&E (Net) | $51M |
| Goodwill | $5M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $915M |
| Account Payables | $344M |
| Short-Term Debt | $49M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $270.0K |
| TOTAL CURRENT LIABILITIES | $451M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $477M |
| Common Stock | $584 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$774M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $508.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $438M |
| Minority Interest | $0 |
| TOTAL EQUITY | $438M |
| TOTAL LIABILITIES & EQUITY | $915M |
| Total Debt | $78M |
| Net Debt | -$82M |
