| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $1.8B | $2.0B | 26.4% | 14.3% |
| Op. Income | $113M | $32M | $68M | 254.0% | 67.2% |
| Gross Margin | 13.3% | 26.4% | 9.3% | -13.1pp | 4.0pp |
| Net Margin | 1.9% | -2.8% | 0.9% | 4.6pp | 0.9pp |
| EPS (Diluted) | $0.30 | $-0.28 | $0.13 | 208.3% | 136.4% |
| Free Cash Flow | -$11M | -$151M | -$16M | 92.7% | 32.8% |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $307M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $91M |
| Operating Expenses | $194M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $91M |
| EBIT | $74M |
| EBITDA | $165M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $307M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $88M |
| SG&A Expenses | $88M |
| Other Expenses | $91M |
| Operating Expenses | $194M |
| Cost & Expenses | $2.2B |
| OPERATING INCOME | $113M |
| Interest Income | $0 |
| Interest Expense | $33M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $72M |
| Income Tax Expense | $28M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $91M |
| EBIT | $74M |
| EBITDA | $165M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $276M |
| Change in Working Capital | -$334M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$69M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | -$14M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$26M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $818M |
| Inventory | $1.3B |
| Other Current Assets | $22M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $2.5B |
| Goodwill | $46M |
| Intangible Assets | $94M |
| Long-Term Investments | $0 |
| Tax Assets | $294M |
| Other Non-Current Assets | $42M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $5.2B |
| Account Payables | $1.3B |
| Short-Term Debt | $35M |
| Deferred Revenue | $70M |
| Other Current Liabilities | $318M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $1.9B |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $508M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $4M |
| Additional Paid-In Capital | $513M |
| Retained Earnings | $116M |
| Treasury Stock | -$54M |
| Accum. Other Comp. Income | $166M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $745M |
| Minority Interest | $20M |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $5.2B |
| Total Debt | $2.1B |
| Net Debt | $1.9B |
