| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $732M | $1.3B | $882M | -42.9% | -16.9% |
| Op. Income | -$11M | $80M | -$51M | -113.5% | 78.7% |
| Gross Margin | 34.5% | 28.3% | 27.7% | 6.2pp | 6.8pp |
| Net Margin | 6.1% | 10.2% | -3.7% | -4.1pp | 9.8pp |
| EPS (Diluted) | $0.09 | $0.29 | $-0.11 | -69.0% | 181.8% |
| Free Cash Flow | $190M | $159M | -$115M | 19.4% | 265.3% |
| Item | Amount |
|---|---|
| REVENUE | $732M |
| Cost of Revenue | $480M |
| GROSS PROFIT | $253M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $228M |
| Other Expenses | $36M |
| Operating Expenses | $264M |
| Cost & Expenses | $743M |
| OPERATING INCOME | -$11M |
| Interest Income | $57M |
| Interest Expense | $0 |
| Other Income/Expenses | $59M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $45M |
| D&A | $6M |
| EBIT | $25M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $45M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $34M |
| Change in Working Capital | $103M |
| OPERATING CASH FLOW | $193M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | -$49M |
| NET CASH FROM INVESTING | -$42M |
| Net Debt Issuance | $1.5B |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $1.5B |
| FREE CASH FLOW | $190M |
| Net Change in Cash | $1.6B |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6.4B |
| Short-Term Investments | $0 |
| Net Receivables | $44M |
| Inventory | $421M |
| Other Current Assets | $256M |
| TOTAL CURRENT ASSETS | $7.1B |
| PP&E (Net) | $327M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $35M |
| Tax Assets | $19M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $396M |
| TOTAL ASSETS | $7.5B |
| Account Payables | $198M |
| Short-Term Debt | $113M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $207M |
| TOTAL CURRENT LIABILITIES | $847M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.5B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $5.1B |
| Retained Earnings | -$37M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$87M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $5.0B |
| TOTAL LIABILITIES & EQUITY | $7.5B |
| Total Debt | $1.8B |
| Net Debt | -$4.6B |
