| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $423M | $533M | $354M | -20.6% | 19.4% |
| Op. Income | $75M | $114M | $42M | -34.3% | 80.0% |
| Gross Margin | 60.3% | 59.0% | 61.0% | 1.3pp | -0.8pp |
| Net Margin | 5.6% | 11.5% | -2.4% | -5.9pp | 7.9pp |
| EPS (Diluted) | $0.13 | $0.33 | $-0.04 | -60.7% | 388.7% |
| Free Cash Flow | -$36M | $145M | -$75M | -124.5% | 52.5% |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $138M |
| General & Administrative | $28M |
| SG&A Expenses | $166M |
| Other Expenses | $14M |
| Operating Expenses | $180M |
| Cost & Expenses | $348M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $31M |
| EBIT | $75M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $423M |
| Cost of Revenue | $168M |
| GROSS PROFIT | $255M |
| R&D Expenses | $0 |
| Selling & Marketing | $138M |
| General & Administrative | $28M |
| SG&A Expenses | $166M |
| Other Expenses | $14M |
| Operating Expenses | $180M |
| Cost & Expenses | $348M |
| OPERATING INCOME | $75M |
| Interest Income | $0 |
| Interest Expense | $29M |
| Other Income/Expenses | -$29M |
| INCOME BEFORE TAX | $46M |
| Income Tax Expense | $22M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $31M |
| EBIT | $75M |
| EBITDA | $105M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $31M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $22M |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$409.2K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$14M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$39M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | -$67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $349M |
| Short-Term Investments | $0 |
| Net Receivables | $107M |
| Inventory | $841M |
| Other Current Assets | $61M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $587M |
| Goodwill | $1.9B |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $137M |
| Short-Term Debt | $27M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $478M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $157M |
| Other Non-Current Liabilities | $467M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | $512M |
| Treasury Stock | -$416M |
| Accum. Other Comp. Income | $167M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.6B |
| Net Debt | $1.2B |
