| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $63M | $66M | — | -5.2% | — |
| Op. Income | $8M | $12M | — | -26.5% | — |
| Gross Margin | 34.2% | 36.3% | — | -2.1pp | — |
| Net Margin | 13.1% | 5.1% | — | 8.0pp | — |
| EPS (Diluted) | $0.08 | $0.03 | — | 143.8% | — |
| Free Cash Flow | -$52M | -$43M | — | -20.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $21M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $8M |
| Interest Income | $9M |
| Interest Expense | $813.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $179.0K |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $13M |
| EBIT | $4M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $63M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $21M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $54M |
| OPERATING INCOME | $8M |
| Interest Income | $9M |
| Interest Expense | $813.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | $179.0K |
| Net Income from Continuing Ops | $13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $13M |
| EBIT | $4M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $31M |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $101M |
| Capital Expenditure | -$153M |
| Acquisitions (Net) | $19M |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | -$62M |
| Net Debt Issuance | -$35M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$26M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | -$52M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $521M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $408.0K |
| Other Current Assets | $159M |
| TOTAL CURRENT ASSETS | $744M |
| PP&E (Net) | $3.5B |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $25M |
| Tax Assets | $0 |
| Other Non-Current Assets | $144M |
| TOTAL NON-CURRENT ASSETS | $3.6B |
| TOTAL ASSETS | $4.4B |
| Account Payables | $193M |
| Short-Term Debt | $516M |
| Deferred Revenue | $84M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $874M |
| Long-Term Debt | $902M |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $212M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $105M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $383M |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $4.4B |
| Total Debt | $1.4B |
| Net Debt | $905M |
