| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $630M | $860M | $661M | -26.7% | -4.8% |
| Op. Income | $26M | $83M | $50M | -68.6% | -47.6% |
| Gross Margin | 46.2% | 47.8% | 47.6% | -1.6pp | -1.4pp |
| Net Margin | 2.5% | 7.2% | 5.7% | -4.7pp | -3.3pp |
| EPS (Diluted) | $0.43 | $1.71 | $1.04 | -74.9% | -58.7% |
| Free Cash Flow | -$59M | $271M | -$38M | -121.8% | -57.0% |
| Item | Amount |
|---|---|
| REVENUE | $630M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $270M |
| Other Expenses | -$5M |
| Operating Expenses | $265M |
| Cost & Expenses | $604M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $13M |
| EBIT | $29M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $630M |
| Cost of Revenue | $339M |
| GROSS PROFIT | $291M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $270M |
| Other Expenses | -$5M |
| Operating Expenses | $265M |
| Cost & Expenses | $604M |
| OPERATING INCOME | $26M |
| Interest Income | $3M |
| Interest Expense | $8M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $21M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $15M |
| D&A | $13M |
| EBIT | $29M |
| EBITDA | $42M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $7M |
| Other Non-Cash Items | $722.0K |
| Change in Working Capital | -$94M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$29M |
| Other Financing Activities | -$370.0K |
| NET CASH FROM FINANCING | -$34M |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $321M |
| Short-Term Investments | $0 |
| Net Receivables | $204M |
| Inventory | $474M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $748M |
| Goodwill | $207M |
| Intangible Assets | $292M |
| Long-Term Investments | $20M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $199M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $409M |
| Long-Term Debt | $498M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $362.0K |
| Additional Paid-In Capital | $9M |
| Retained Earnings | $881M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $847M |
| Minority Interest | $0 |
| TOTAL EQUITY | $847M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.1B |
| Net Debt | $802M |
