| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $261M | $250M | $190M | 4.7% | 37.9% |
| Op. Income | $52M | $38M | $5M | 37.3% | 933.9% |
| Gross Margin | 28.3% | 27.4% | 10.1% | 0.9pp | 18.2pp |
| Net Margin | 11.0% | 4.8% | -3.0% | 6.3pp | 14.1pp |
| EPS (Diluted) | $0.05 | $-0.07 | $-0.01 | 166.9% | 637.6% |
| Free Cash Flow | -$18M | $7M | -$31M | -374.6% | 39.8% |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $10M |
| Operating Expenses | $22M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $39M |
| EBIT | $57M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $261M |
| Cost of Revenue | $187M |
| GROSS PROFIT | $74M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $10M |
| Operating Expenses | $22M |
| Cost & Expenses | $209M |
| OPERATING INCOME | $52M |
| Interest Income | $0 |
| Interest Expense | $12M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $45M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $39M |
| EBIT | $57M |
| EBITDA | $96M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $13M |
| Other Non-Cash Items | $702.0K |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$54M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $55.0K |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | $18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $117M |
| Other Current Assets | $25M |
| TOTAL CURRENT ASSETS | $246M |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $77M |
| Short-Term Debt | $34M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $173M |
| Long-Term Debt | $527M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $124M |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $777M |
| TOTAL LIABILITIES | $950M |
| Common Stock | $160M |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$467M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | -$8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $569M |
| Net Debt | $545M |
