| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $307M | $209M | $342M | 47.1% | -10.1% |
| Op. Income | $500.0K | -$30M | -$54M | 101.7% | 100.9% |
| Gross Margin | 11.2% | 9.3% | 20.8% | 1.8pp | -9.6pp |
| Net Margin | -7.7% | -23.1% | -22.0% | 15.4pp | 14.4pp |
| EPS (Diluted) | $-0.57 | $-1.17 | $-1.83 | 51.3% | 68.9% |
| Free Cash Flow | -$26M | -$34M | -$101M | 22.9% | 74.3% |
| Item | Amount |
|---|---|
| REVENUE | $307M |
| Cost of Revenue | $273M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $500.0K |
| Operating Expenses | $34M |
| Cost & Expenses | $307M |
| OPERATING INCOME | $500.0K |
| Interest Income | $400.0K |
| Interest Expense | $17M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $10M |
| 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 | $27M |
| EBIT | $3M |
| EBITDA | $30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$400.0K |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $58M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $53M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $262M |
| Inventory | $367M |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $698M |
| PP&E (Net) | $779M |
| Goodwill | $6M |
| Intangible Assets | $80M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $159M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $96M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $295M |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $56M |
| Other Non-Current Liabilities | $141M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $424M |
| Retained Earnings | -$21M |
| Treasury Stock | -$10M |
| Accum. Other Comp. Income | -$130M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $263M |
| Minority Interest | $0 |
| TOTAL EQUITY | $263M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $974M |
| Net Debt | $929M |
