| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.1B | $924M | $1.1B | 18.2% | -4.5% |
| Op. Income | $67M | -$1.5B | $71M | 104.6% | -6.9% |
| Gross Margin | 61.1% | 64.2% | 60.1% | -3.1pp | 1.0pp |
| Net Margin | 0.2% | -163.6% | 0.6% | 163.8pp | -0.4pp |
| EPS (Diluted) | $0.01 | $-8.23 | $0.04 | 100.1% | -67.6% |
| Free Cash Flow | -$155M | -$25M | -$139M | -517.9% | -11.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $425M |
| GROSS PROFIT | $668M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $322M |
| Operating Expenses | $601M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $69M |
| EBIT | $70M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $1.1B |
| Cost of Revenue | $425M |
| GROSS PROFIT | $668M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $258M |
| Other Expenses | $322M |
| Operating Expenses | $601M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | $67M |
| Interest Income | $0 |
| Interest Expense | $58M |
| Other Income/Expenses | -$55M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $69M |
| EBIT | $70M |
| EBITDA | $139M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $69M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$183M |
| OPERATING CASH FLOW | -$85M |
| Capital Expenditure | -$70M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$100.0K |
| NET CASH FROM INVESTING | -$70M |
| Net Debt Issuance | $29M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$400.0K |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$155M |
| Net Change in Cash | -$133M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $317M |
| Short-Term Investments | $0 |
| Net Receivables | $466M |
| Inventory | $654M |
| Other Current Assets | $465M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $3.5B |
| Goodwill | $619M |
| Intangible Assets | $1.2B |
| Long-Term Investments | $117M |
| Tax Assets | $0 |
| Other Non-Current Assets | $354M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.7B |
| Account Payables | $136M |
| Short-Term Debt | $47M |
| Deferred Revenue | $95M |
| Other Current Liabilities | $312M |
| TOTAL CURRENT LIABILITIES | $929M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $1.6B |
| TOTAL NON-CURRENT LIABILITIES | $4.3B |
| TOTAL LIABILITIES | $5.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$498M |
| Treasury Stock | -$36M |
| Accum. Other Comp. Income | -$63M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $7.7B |
| Total Debt | $2.9B |
| Net Debt | $2.6B |
