| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $143M | $194M | -19.6% | -40.8% |
| Op. Income | $16M | $24M | $36M | -32.5% | -55.9% |
| Gross Margin | 1.2% | -12.0% | 4.3% | 13.2pp | -3.1pp |
| Net Margin | -2.4% | 16.4% | 7.3% | -18.9pp | -9.7pp |
| EPS (Diluted) | $-0.07 | $0.20 | $0.13 | -135.6% | -154.8% |
| Free Cash Flow | -$16M | $9M | $34M | -279.9% | -148.1% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | -$22M |
| Operating Expenses | -$15M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $16M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $190.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | -$3M |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $23M |
| EBIT | $14M |
| EBITDA | $37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $484.0K |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $23M |
| Common Stock Repurchased | -$4.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$315.0K |
| NET CASH FROM FINANCING | -$976.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $266M |
| Inventory | $0 |
| Other Current Assets | -$75M |
| TOTAL CURRENT ASSETS | $240M |
| PP&E (Net) | $111M |
| Goodwill | $0 |
| Intangible Assets | $86M |
| Long-Term Investments | $1.9B |
| Tax Assets | $0 |
| Other Non-Current Assets | $119M |
| TOTAL NON-CURRENT ASSETS | $2.2B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $101M |
| Short-Term Debt | $135M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$101M |
| TOTAL CURRENT LIABILITIES | $135M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $28M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $805.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $2M |
| TOTAL STOCKHOLDERS' EQUITY | $657M |
| Minority Interest | $211M |
| TOTAL EQUITY | $869M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
