| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $52M | $37M | -9.4% | 27.3% |
| Op. Income | -$44M | -$19M | -$52M | -138.4% | 15.1% |
| Gross Margin | -8.4% | 41.5% | -28.0% | -49.9pp | 19.6pp |
| Net Margin | -87.7% | -36.7% | -138.3% | -51.0pp | 50.6pp |
| EPS (Diluted) | $-0.66 | $-0.31 | $-0.83 | -112.9% | 20.5% |
| Free Cash Flow | $76M | $17M | $63M | 353.6% | 20.2% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $51M |
| GROSS PROFIT | -$4M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $13M |
| Operating Expenses | $40M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$44M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$13M |
| Net Income from Continuing Ops | -$41M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $13M |
| EBIT | -$44M |
| EBITDA | -$30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$13M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $130M |
| OPERATING CASH FLOW | $96M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $81M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$827.0K |
| NET CASH FROM FINANCING | $80M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $245M |
| Short-Term Investments | $0 |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $321M |
| PP&E (Net) | $819M |
| Goodwill | $176M |
| Intangible Assets | $124M |
| Long-Term Investments | $109M |
| Tax Assets | $0 |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $82M |
| Short-Term Debt | $104M |
| Deferred Revenue | $220M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $414M |
| Long-Term Debt | $595M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $31M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $769M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $624.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$627M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $486M |
| Minority Interest | $12M |
| TOTAL EQUITY | $498M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $803M |
| Net Debt | $559M |
