| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $707M | $713M | $638M | -0.9% | 10.9% |
| Op. Income | -$96M | -$876M | -$107M | 89.0% | 10.0% |
| Gross Margin | 70.8% | 60.2% | 70.0% | 10.7pp | 0.8pp |
| Net Margin | -14.3% | -121.2% | -17.3% | 106.9pp | 3.0pp |
| EPS (Diluted) | $-0.54 | $-4.67 | $-0.60 | 88.4% | 10.0% |
| Free Cash Flow | -$365.0K | $11M | -$120M | -103.4% | 99.7% |
| Item | Amount |
|---|---|
| REVENUE | $707M |
| Cost of Revenue | $206M |
| GROSS PROFIT | $501M |
| R&D Expenses | $105M |
| Selling & Marketing | $264M |
| General & Administrative | $221M |
| SG&A Expenses | $485M |
| Other Expenses | $6M |
| Operating Expenses | $597M |
| Cost & Expenses | $803M |
| OPERATING INCOME | -$96M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$101M |
| Income Tax Expense | $224.0K |
| Net Income from Continuing Ops | -$101M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$101M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$101M |
| D&A | $54M |
| EBIT | -$92M |
| EBITDA | -$38M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$101M |
| Depreciation & Amortization | $54M |
| Stock-Based Compensation | $55M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$31M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$80M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | -$505.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$249M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$256M |
| FREE CASH FLOW | -$365.0K |
| Net Change in Cash | -$260M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $347M |
| Short-Term Investments | $439M |
| Net Receivables | $280M |
| Inventory | $177M |
| Other Current Assets | $128M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $825M |
| Goodwill | $2.4B |
| Intangible Assets | $989M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $160M |
| TOTAL NON-CURRENT ASSETS | $4.3B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $142M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $502M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $320M |
| TOTAL NON-CURRENT LIABILITIES | $2.8B |
| TOTAL LIABILITIES | $3.3B |
| Common Stock | $2M |
| Additional Paid-In Capital | $7.0B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $2.5B |
| Net Debt | $2.2B |
