| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $994M | $950M | — | 4.7% | — |
| Op. Income | -$49M | $23M | — | -314.5% | — |
| Gross Margin | -8.2% | 8.8% | — | -17.0pp | — |
| Net Margin | -16.3% | -4.3% | — | -12.0pp | — |
| EPS (Diluted) | $-1.87 | $-0.47 | — | -297.9% | — |
| Free Cash Flow | -$128M | -$28M | — | -351.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $994M |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | -$81M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $12M |
| SG&A Expenses | $24M |
| Other Expenses | -$57M |
| Operating Expenses | -$33M |
| Cost & Expenses | $1.0B |
| OPERATING INCOME | -$49M |
| Interest Income | $0 |
| Interest Expense | $59M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | -$162M |
| Income Tax Expense | $400.0K |
| Net Income from Continuing Ops | -$162M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$162M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$162M |
| D&A | $47M |
| EBIT | -$103M |
| EBITDA | -$56M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$162M |
| Depreciation & Amortization | $47M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $300.0K |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$18M |
| Acquisitions (Net) | $95M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $78M |
| Net Debt Issuance | $207M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$17M |
| NET CASH FROM FINANCING | $190M |
| FREE CASH FLOW | -$128M |
| Net Change in Cash | $158M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $123M |
| Short-Term Investments | $0 |
| Net Receivables | $303M |
| Inventory | $389M |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $918M |
| PP&E (Net) | $1.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $493M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $306M |
| Short-Term Debt | $23M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $398M |
| TOTAL CURRENT LIABILITIES | $869M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.4B |
| Common Stock | $900.0K |
| Additional Paid-In Capital | $837M |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | -$862M |
| Minority Interest | $246M |
| TOTAL EQUITY | -$617M |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $2.6B |
| Net Debt | $2.4B |
