| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $247M | $266M | $249M | -7.1% | -0.8% |
| Op. Income | -$13M | -$8M | $7M | -62.5% | -285.7% |
| Gross Margin | 18.6% | 19.2% | 19.7% | -0.5pp | -1.1pp |
| Net Margin | -2.8% | 9.8% | 12.9% | -12.6pp | -15.7pp |
| EPS (Diluted) | $-0.12 | $0.25 | $0.30 | -148.0% | -140.0% |
| Free Cash Flow | -$50M | -$13M | $7M | -284.6% | -814.3% |
| Item | Amount |
|---|---|
| REVENUE | $247M |
| Cost of Revenue | $201M |
| GROSS PROFIT | $46M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | $5M |
| Operating Expenses | $59M |
| Cost & Expenses | $260M |
| OPERATING INCOME | -$13M |
| Interest Income | $2M |
| Interest Expense | $14M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $7M |
| EBIT | $9M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $158M |
| Short-Term Investments | $0 |
| Net Receivables | $149M |
| Inventory | $236M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $577M |
| PP&E (Net) | $227M |
| Goodwill | $12M |
| Intangible Assets | $19M |
| Long-Term Investments | $89M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0B |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $129M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $261M |
| Long-Term Debt | $473M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $396M |
| TOTAL NON-CURRENT LIABILITIES | $893M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$400M |
| Treasury Stock | -$13M |
| Accum. Other Comp. Income | -$173M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $783M |
| Minority Interest | $0 |
| TOTAL EQUITY | $783M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $509M |
| Net Debt | $351M |
