| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $478M | $518M | $489M | -7.6% | -2.1% |
| Op. Income | $20M | $20M | $26M | -0.5% | -22.2% |
| Gross Margin | 40.1% | 41.1% | 40.4% | -1.1pp | -0.4pp |
| Net Margin | -0.4% | 1.7% | 1.0% | -2.1pp | -1.4pp |
| EPS (Diluted) | $-0.04 | $0.18 | $0.10 | -123.9% | -145.4% |
| Free Cash Flow | -$132M | $48M | -$79M | -377.0% | -66.8% |
| Item | Amount |
|---|---|
| REVENUE | $478M |
| Cost of Revenue | $287M |
| GROSS PROFIT | $192M |
| R&D Expenses | $14M |
| Selling & Marketing | $50M |
| General & Administrative | $103M |
| SG&A Expenses | $153M |
| Other Expenses | $4M |
| Operating Expenses | $171M |
| Cost & Expenses | $458M |
| OPERATING INCOME | $20M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $400.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $22M |
| EBIT | $17M |
| EBITDA | $39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $200.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$145M |
| OPERATING CASH FLOW | -$116M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $169M |
| Common Stock Repurchased | -$30M |
| Common Dividends Paid | -$8M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $110M |
| FREE CASH FLOW | -$132M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $173M |
| Inventory | $502M |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $945M |
| PP&E (Net) | $343M |
| Goodwill | $1.3B |
| Intangible Assets | $934M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $152M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $204M |
| Short-Term Debt | $27M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $130M |
| TOTAL CURRENT LIABILITIES | $459M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $169M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | $1.1B |
| Treasury Stock | -$945M |
| Accum. Other Comp. Income | -$198M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $1.5B |
| Net Debt | $1.3B |
