| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $290M | $398M | $419M | -27.0% | -30.8% |
| Op. Income | -$34M | -$4M | $184M | -863.3% | -118.3% |
| Gross Margin | 0.7% | 25.1% | 53.6% | -24.4pp | -52.8pp |
| Net Margin | -38.1% | -1.7% | 21.9% | -36.5pp | -60.0pp |
| EPS (Diluted) | $-0.23 | $-0.01 | $0.19 | -2200.0% | -221.1% |
| Free Cash Flow | -$91M | $14M | -$42M | -736.1% | -115.7% |
| Item | Amount |
|---|---|
| REVENUE | $290M |
| Cost of Revenue | $288M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $26M |
| SG&A Expenses | $26M |
| Other Expenses | $10M |
| Operating Expenses | $36M |
| Cost & Expenses | $324M |
| OPERATING INCOME | -$34M |
| Interest Income | $0 |
| Interest Expense | $52M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | -$94M |
| Income Tax Expense | $17M |
| NET INCOME | -$111M |
| D&A | $123M |
| EBIT | -$34M |
| EBITDA | $89M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $127M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$888.0K |
| Capital Expenditure | -$90M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$44M |
| NET CASH FROM INVESTING | -$134M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | -$91M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $153M |
| Inventory | $196M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $417M |
| PP&E (Net) | $4.4B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $435M |
| TOTAL NON-CURRENT ASSETS | $4.9B |
| TOTAL ASSETS | $5.3B |
| Account Payables | $333M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $167.0K |
| TOTAL CURRENT LIABILITIES | $547M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $315M |
| Other Non-Current Liabilities | $462M |
| TOTAL NON-CURRENT LIABILITIES | $3.6B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $5M |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$237M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.3B |
| Total Debt | $2.8B |
| Net Debt | $2.8B |
