| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $405M | $522M | $473M | -22.4% | -14.4% |
| Op. Income | -$179M | $31M | -$18M | -677.4% | -894.4% |
| Gross Margin | 27.4% | 33.3% | 20.7% | -5.9pp | 6.7pp |
| Net Margin | -40.7% | 3.1% | 5.5% | -43.8pp | -46.2pp |
| EPS (Diluted) | $-3.50 | $0.33 | $0.51 | -1160.6% | -786.3% |
| Free Cash Flow | -$63M | $29M | $151M | -317.2% | -141.7% |
| Item | Amount |
|---|---|
| REVENUE | $405M |
| Cost of Revenue | $294M |
| GROSS PROFIT | $111M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $199M |
| Operating Expenses | $290M |
| Cost & Expenses | $584M |
| OPERATING INCOME | -$179M |
| Interest Income | $2M |
| Interest Expense | $15M |
| Other Income/Expenses | -$30M |
| INCOME BEFORE TAX | -$209M |
| Income Tax Expense | -$43M |
| Net Income from Continuing Ops | -$166M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | -$165M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$165M |
| D&A | $51M |
| EBIT | -$194M |
| EBITDA | -$143M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$165M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $182M |
| Change in Working Capital | -$109M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$19M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$22M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | -$81M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $219M |
| Short-Term Investments | $0 |
| Net Receivables | $163M |
| Inventory | $528M |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $1.3B |
| Goodwill | $1.3B |
| Intangible Assets | $588M |
| Long-Term Investments | $0 |
| Tax Assets | $241M |
| Other Non-Current Assets | $670M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $184M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $425M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $28M |
| Other Non-Current Liabilities | $790M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $2M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $3.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$541M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $1.4B |
| Net Debt | $1.2B |
