| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $172M | $132M | -5.7% | 22.5% |
| Op. Income | $67M | $67M | $35M | 0.4% | 93.0% |
| Gross Margin | 48.5% | 47.3% | 32.2% | 1.2pp | 16.2pp |
| Net Margin | -45.3% | 9.7% | -7.0% | -55.0pp | -38.3pp |
| EPS (Diluted) | $-1.00 | $0.23 | $-0.13 | -534.8% | -669.2% |
| Free Cash Flow | -$18M | -$813.0K | -$17M | -2147.5% | -4.7% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $78M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $1M |
| Operating Expenses | $11M |
| Cost & Expenses | $94M |
| OPERATING INCOME | $67M |
| Interest Income | $2M |
| Interest Expense | $7M |
| Other Income/Expenses | -$122M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | $18M |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $14M |
| EBIT | -$48M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $118M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | -$52M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | -$11M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$18M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | $135M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $0 |
| Net Receivables | $68M |
| Inventory | $68M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $334M |
| PP&E (Net) | $720M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $18M |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $805M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $68M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $134M |
| TOTAL CURRENT LIABILITIES | $284M |
| Long-Term Debt | $367M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $307M |
| TOTAL NON-CURRENT LIABILITIES | $715M |
| TOTAL LIABILITIES | $999M |
| Common Stock | $611M |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$523M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $140M |
| Minority Interest | $0 |
| TOTAL EQUITY | $140M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $391M |
| Net Debt | $193M |
