| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $15M | — | 311.7% | — |
| Op. Income | -$15M | $32M | — | -146.1% | — |
| Gross Margin | -0.6% | 59.5% | — | -60.1pp | — |
| Net Margin | -7.0% | -437.1% | — | 430.1pp | — |
| EPS (Diluted) | $-0.03 | $-0.58 | — | 95.0% | — |
| Free Cash Flow | -$131M | -$89M | — | -47.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $61M |
| GROSS PROFIT | -$356.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $75M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $34M |
| EBIT | $3M |
| EBITDA | $37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | -$3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$96M |
| OPERATING CASH FLOW | -$76M |
| Capital Expenditure | -$55M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $22M |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $163M |
| FREE CASH FLOW | -$131M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $826M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $854M |
| TOTAL ASSETS | $938M |
| Account Payables | $140M |
| Short-Term Debt | $37M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $96.0K |
| TOTAL CURRENT LIABILITIES | $387M |
| Long-Term Debt | $106M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $309M |
| TOTAL LIABILITIES | $696M |
| Common Stock | $162.0K |
| Additional Paid-In Capital | $496M |
| Retained Earnings | -$254M |
| Treasury Stock | -$62.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $242M |
| Minority Interest | $0 |
| TOTAL EQUITY | $242M |
| TOTAL LIABILITIES & EQUITY | $938M |
| Total Debt | $426M |
| Net Debt | $368M |
