| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $458M | — | $483M | — | -5.3% |
| Op. Income | -$32M | — | -$23M | — | -39.7% |
| Gross Margin | 47.3% | — | 47.3% | — | -0.1pp |
| Net Margin | -5.3% | — | -3.9% | — | -1.4pp |
| EPS (Diluted) | $-2.23 | — | $-1.60 | — | -39.4% |
| Free Cash Flow | -$40M | — | -$78M | — | 48.4% |
| Item | Amount |
|---|---|
| REVENUE | $458M |
| Cost of Revenue | $241M |
| GROSS PROFIT | $216M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $248M |
| Other Expenses | $578.0K |
| Operating Expenses | $248M |
| Cost & Expenses | $490M |
| OPERATING INCOME | -$32M |
| Interest Income | $0 |
| Interest Expense | $890.0K |
| Other Income/Expenses | -$999.0K |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$9M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | -$59.0K |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $13M |
| EBIT | -$32M |
| EBITDA | -$19M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $399.0K |
| Other Non-Cash Items | $72.0K |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | -$773.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$773.0K |
| NET CASH FROM FINANCING | $24M |
| FREE CASH FLOW | -$40M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $393M |
| Other Current Assets | $46M |
| TOTAL CURRENT ASSETS | $508M |
| PP&E (Net) | $654M |
| Goodwill | $9M |
| Intangible Assets | $27M |
| Long-Term Investments | -$26M |
| Tax Assets | $26M |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $799M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $109M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $308M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $46M |
| TOTAL NON-CURRENT LIABILITIES | $451M |
| TOTAL LIABILITIES | $759M |
| Common Stock | $12M |
| Additional Paid-In Capital | $322M |
| Retained Earnings | $272M |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$41M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $548M |
| Minority Interest | $0 |
| TOTAL EQUITY | $548M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $531M |
| Net Debt | $511M |
