| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $368M | $363M | $395M | 1.2% | -6.8% |
| Op. Income | -$7M | -$252M | $3M | 97.3% | -324.9% |
| Gross Margin | 18.5% | 20.5% | 20.7% | -2.0pp | -2.2pp |
| Net Margin | -5.6% | -75.0% | -5.0% | 69.4pp | -0.6pp |
| EPS (Diluted) | $-0.23 | $-3.06 | $-0.22 | 92.5% | -4.5% |
| Free Cash Flow | -$14M | -$9M | -$17M | -54.5% | 17.1% |
| Item | Amount |
|---|---|
| REVENUE | $368M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $68M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $9M |
| Operating Expenses | $75M |
| Cost & Expenses | $375M |
| OPERATING INCOME | -$7M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $15M |
| EBIT | -$6M |
| EBITDA | $9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | -$70.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $229M |
| Other Current Assets | $75M |
| TOTAL CURRENT ASSETS | $523M |
| PP&E (Net) | $326M |
| Goodwill | $498M |
| Intangible Assets | $207M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $176M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $708M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $861M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $26M |
| Treasury Stock | -$730M |
| Accum. Other Comp. Income | -$92M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $0 |
| TOTAL EQUITY | $445M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $780M |
| Net Debt | $732M |
