| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $602M | $584M | $597M | 3.0% | 0.7% |
| Op. Income | -$62M | -$41M | -$45M | -52.2% | -38.7% |
| Gross Margin | 0.5% | 1.1% | 1.4% | -0.5pp | -0.9pp |
| Net Margin | -12.1% | -9.4% | -8.6% | -2.7pp | -3.5pp |
| EPS (Diluted) | $-1.14 | $-0.86 | $-0.81 | -32.6% | -40.7% |
| Free Cash Flow | -$72M | -$54M | -$72M | -32.3% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $602M |
| Cost of Revenue | $598M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $22M |
| Operating Expenses | $65M |
| Cost & Expenses | $664M |
| OPERATING INCOME | -$62M |
| Interest Income | $1M |
| Interest Expense | $9M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$73M |
| Income Tax Expense | $106.0K |
| Net Income from Continuing Ops | -$73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$73M |
| D&A | $22M |
| EBIT | -$63M |
| EBITDA | -$40M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$73M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $713.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$55M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$72M |
| Net Change in Cash | -$83M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $0 |
| Net Receivables | $97M |
| Inventory | $187M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $450M |
| PP&E (Net) | $1.1B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $102M |
| Short-Term Debt | $131M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $326M |
| Long-Term Debt | $432M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $534M |
| TOTAL LIABILITIES | $859M |
| Common Stock | $68.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$391M |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $798M |
| Minority Interest | $10M |
| TOTAL EQUITY | $807M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $631M |
| Net Debt | $532M |
