| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $605M | $630M | $567M | -4.0% | 6.7% |
| Op. Income | $13M | $38M | -$11M | -65.8% | 221.0% |
| Gross Margin | 34.7% | 36.1% | 32.7% | -1.3pp | 2.1pp |
| Net Margin | -2.6% | -3.8% | -7.0% | 1.2pp | 4.4pp |
| EPS (Diluted) | $-0.63 | $-0.97 | $-1.63 | 35.1% | 61.3% |
| Free Cash Flow | $37M | $14M | $27M | 170.0% | 36.3% |
| Item | Amount |
|---|---|
| REVENUE | $605M |
| Cost of Revenue | $395M |
| GROSS PROFIT | $210M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $157M |
| Other Expenses | $17M |
| Operating Expenses | $197M |
| Cost & Expenses | $592M |
| OPERATING INCOME | $13M |
| Interest Income | $3M |
| Interest Expense | $29M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $49M |
| EBIT | $14M |
| EBITDA | $64M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$56M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $290M |
| Short-Term Investments | $0 |
| Net Receivables | $205M |
| Inventory | $590M |
| Other Current Assets | $321M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $503M |
| Goodwill | $1.5B |
| Intangible Assets | $717M |
| Long-Term Investments | $3M |
| Tax Assets | $24M |
| Other Non-Current Assets | $58M |
| TOTAL NON-CURRENT ASSETS | $2.8B |
| TOTAL ASSETS | $4.2B |
| Account Payables | $180M |
| Short-Term Debt | $48M |
| Deferred Revenue | $32M |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $549M |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $9M |
| Deferred Tax Liabilities | $45M |
| Other Non-Current Liabilities | $54M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | $675M |
| Treasury Stock | -$60.0K |
| Accum. Other Comp. Income | -$105M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.0B |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $1.6B |
| Net Debt | $1.3B |
