| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | — | $166M | — | -13.3% |
| Op. Income | -$6M | — | -$2M | — | -209.7% |
| Gross Margin | 20.4% | — | 21.5% | — | -1.0pp |
| Net Margin | -6.8% | — | -3.1% | — | -3.7pp |
| EPS (Diluted) | $-0.72 | — | $-0.35 | — | -105.7% |
| Free Cash Flow | -$14M | — | $372.0K | — | -3787.1% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $115M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $17M |
| Operating Expenses | $35M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$6M |
| Interest Income | $26.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $16M |
| EBIT | -$5M |
| EBITDA | $11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $597.0K |
| Deferred Income Tax | -$510.0K |
| Other Non-Cash Items | -$204.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $167.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $44M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$770.0K |
| NET CASH FROM FINANCING | $37M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $94M |
| Inventory | $6M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $134M |
| PP&E (Net) | $209M |
| Goodwill | $7M |
| Intangible Assets | $65M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $289M |
| TOTAL ASSETS | $424M |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $87M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $122M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$997M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$404M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $221M |
| Minority Interest | $0 |
| TOTAL EQUITY | $221M |
| TOTAL LIABILITIES & EQUITY | $424M |
| Total Debt | $97M |
| Net Debt | $69M |
