| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $490M | $423M | $479M | 15.8% | 2.3% |
| Op. Income | $38M | $29M | $20M | 34.3% | 96.9% |
| Gross Margin | 21.8% | 20.4% | 14.9% | 1.4pp | 6.9pp |
| Net Margin | 3.7% | -3.1% | 1.7% | 6.8pp | 2.0pp |
| EPS (Diluted) | $0.16 | $-0.11 | $0.07 | 245.5% | 128.6% |
| Free Cash Flow | -$102M | $37M | -$48M | -376.8% | -113.3% |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $383M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $7M |
| Operating Expenses | $68M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $38M |
| Interest Income | $400.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $15M |
| EBIT | $37M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $490M |
| Cost of Revenue | $383M |
| GROSS PROFIT | $107M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $62M |
| SG&A Expenses | $62M |
| Other Expenses | $7M |
| Operating Expenses | $68M |
| Cost & Expenses | $451M |
| OPERATING INCOME | $38M |
| Interest Income | $400.0K |
| Interest Expense | $12M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $15M |
| EBIT | $37M |
| EBITDA | $52M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$134M |
| OPERATING CASH FLOW | -$102M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$12M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $33M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | -$86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $355M |
| Inventory | $700M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $726M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $54M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $820M |
| TOTAL ASSETS | $1.9B |
| Account Payables | $205M |
| Short-Term Debt | $81M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $430M |
| Long-Term Debt | $476M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $152M |
| TOTAL NON-CURRENT LIABILITIES | $669M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$346M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $847M |
| Minority Interest | $0 |
| TOTAL EQUITY | $847M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $578M |
| Net Debt | $558M |
