| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $801M | $863M | $734M | -7.2% | 9.1% |
| Op. Income | -$3M | $9M | -$2M | -134.5% | -91.1% |
| Gross Margin | 29.9% | 30.2% | 30.6% | -0.3pp | -0.7pp |
| Net Margin | 0.1% | 1.5% | 0.2% | -1.4pp | -0.1pp |
| EPS (Diluted) | $0.01 | $0.06 | $0.01 | -90.8% | -36.3% |
| Free Cash Flow | $12M | $14M | $14M | -8.1% | -10.1% |
| Item | Amount |
|---|---|
| REVENUE | $801M |
| Cost of Revenue | $561M |
| GROSS PROFIT | $239M |
| R&D Expenses | $29M |
| Selling & Marketing | $16M |
| General & Administrative | $16M |
| SG&A Expenses | $33M |
| Other Expenses | $181M |
| Operating Expenses | $242M |
| Cost & Expenses | $804M |
| OPERATING INCOME | -$3M |
| Interest Income | $5M |
| Interest Expense | $871.4K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $227.6K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $820.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $820.4K |
| D&A | $0 |
| EBIT | $2M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $820.4K |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $65M |
| NET CASH FROM INVESTING | $65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$29M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $450M |
| Net Receivables | $20M |
| Inventory | $69M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $755M |
| PP&E (Net) | $239M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $240M |
| Short-Term Debt | $205M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $736M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $134M |
| TOTAL LIABILITIES | $871M |
| Common Stock | $584 |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $120M |
| Minority Interest | $19M |
| TOTAL EQUITY | $139M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $410M |
| Net Debt | $233M |
