| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $42M | $48M | 16.0% | 1.7% |
| Op. Income | -$38M | $17M | $47M | -323.0% | -181.4% |
| Gross Margin | 40.4% | 17.3% | 42.1% | 23.1pp | -1.8pp |
| Net Margin | -79.6% | 41.5% | 82.9% | -121.1pp | -162.5pp |
| EPS (Diluted) | $-0.11 | $0.05 | $0.13 | -303.0% | -184.6% |
| Free Cash Flow | -$147M | -$104M | -$39M | -41.4% | -275.0% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $49M |
| Operating Expenses | $58M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$38M |
| Interest Income | $190.0K |
| Interest Expense | $777.0K |
| Other Income/Expenses | -$743.0K |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $144.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $44M |
| EBIT | -$38M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $144.0K |
| Other Non-Cash Items | -$41M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$100M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | -$352.0K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$911.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$345.0K |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | -$147M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $52M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $155M |
| PP&E (Net) | $613M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $89M |
| TOTAL NON-CURRENT ASSETS | $759M |
| TOTAL ASSETS | $914M |
| Account Payables | $30M |
| Short-Term Debt | $35M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $371.0K |
| Additional Paid-In Capital | $955M |
| Retained Earnings | -$220M |
| Treasury Stock | -$1.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $735M |
| Minority Interest | $0 |
| TOTAL EQUITY | $735M |
| TOTAL LIABILITIES & EQUITY | $914M |
| Total Debt | $58M |
| Net Debt | $35M |
