| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.1B | -1.8% | 28.7% |
| Op. Income | -$54M | -$41M | -$132M | -32.3% | 59.3% |
| Gross Margin | 18.4% | 17.5% | 18.2% | 1.0pp | 0.2pp |
| Net Margin | -3.7% | -2.9% | -12.6% | -0.8pp | 8.9pp |
| EPS (Diluted) | $-0.09 | $-0.08 | $-0.27 | -12.5% | 66.7% |
| Free Cash Flow | $20M | $27M | $6M | -27.0% | 230.5% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $1.1B |
| GROSS PROFIT | $250M |
| R&D Expenses | $50M |
| Selling & Marketing | $92M |
| General & Administrative | $28M |
| SG&A Expenses | $119M |
| Other Expenses | $135M |
| Operating Expenses | $304M |
| Cost & Expenses | $1.4B |
| OPERATING INCOME | -$54M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$500.0K |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$51M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$51M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $29M |
| EBIT | -$53M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$51M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $400.0K |
| Change in Working Capital | $14M |
| OPERATING CASH FLOW | $23M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$161M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$165M |
| Net Debt Issuance | $52M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | $45M |
| FREE CASH FLOW | $20M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $102M |
| Inventory | $0 |
| Other Current Assets | $41M |
| TOTAL CURRENT ASSETS | $270M |
| PP&E (Net) | $529M |
| Goodwill | $472M |
| Intangible Assets | $237M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $16M |
| Short-Term Debt | $75M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $487M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $36M |
| TOTAL NON-CURRENT LIABILITIES | $418M |
| TOTAL LIABILITIES | $905M |
| Common Stock | $0 |
| Additional Paid-In Capital | $3.4B |
| Retained Earnings | -$2.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $635M |
| Minority Interest | $3M |
| TOTAL EQUITY | $638M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $556M |
| Net Debt | $429M |
