| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $637M | — | $709M | — | -10.2% |
| Op. Income | -$30M | — | -$16M | — | -95.5% |
| Gross Margin | 6.3% | — | 22.5% | — | -16.2pp |
| Net Margin | -12.1% | — | -7.5% | — | -4.6pp |
| EPS (Diluted) | $-4.12 | — | $-3.27 | — | -26.0% |
| Free Cash Flow | -$42M | — | -$11M | — | -281.7% |
| Item | Amount |
|---|---|
| REVENUE | $637M |
| Cost of Revenue | $597M |
| GROSS PROFIT | $40M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $69M |
| Other Expenses | $0 |
| Operating Expenses | $70M |
| Cost & Expenses | $667M |
| OPERATING INCOME | -$30M |
| Interest Income | $400.0K |
| Interest Expense | $45M |
| Other Income/Expenses | -$46M |
| INCOME BEFORE TAX | -$76M |
| Income Tax Expense | $800.0K |
| Net Income from Continuing Ops | -$77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$77M |
| D&A | $95M |
| EBIT | -$30M |
| EBITDA | $65M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$77M |
| Depreciation & Amortization | $95M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $14M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$49M |
| Acquisitions (Net) | $16M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$60M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$61M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $31M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $183M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $190M |
| TOTAL ASSETS | $340M |
| Account Payables | $69M |
| Short-Term Debt | $31M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $254M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $413M |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $571M |
| Retained Earnings | -$640M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$74M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$73M |
| TOTAL LIABILITIES & EQUITY | $340M |
| Total Debt | $318M |
| Net Debt | $313M |
