| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $263M | $234M | -17.7% | -7.4% |
| Op. Income | $60M | $101M | $85M | -40.4% | -29.2% |
| Gross Margin | 83.4% | 86.4% | 86.4% | -3.0pp | -3.0pp |
| Net Margin | -7.8% | 10.0% | 6.2% | -17.8pp | -14.0pp |
| EPS (Diluted) | $-0.07 | $0.09 | $0.05 | -175.3% | -227.1% |
| Free Cash Flow | $114M | -$205M | $5M | 155.5% | 2084.6% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $36M |
| GROSS PROFIT | $181M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $109M |
| Operating Expenses | $121M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $60M |
| Interest Income | $600.0K |
| Interest Expense | $63M |
| Other Income/Expenses | -$65M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $36M |
| EBIT | $51M |
| EBITDA | $87M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $105M |
| OPERATING CASH FLOW | $139M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$200.0K |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $114M |
| Net Change in Cash | $109M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $170M |
| Short-Term Investments | $0 |
| Net Receivables | $288M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $517M |
| PP&E (Net) | $2.8B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $13M |
| Tax Assets | $19M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $61M |
| Short-Term Debt | $118M |
| Deferred Revenue | $59M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $412M |
| Long-Term Debt | $2.0B |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.4B |
| Common Stock | $25M |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $975M |
| Minority Interest | $0 |
| TOTAL EQUITY | $975M |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
