| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $175M | $398M | $174M | -56.0% | 0.7% |
| Op. Income | -$40M | $26M | -$36M | -250.3% | -8.9% |
| Gross Margin | 27.2% | 36.0% | 29.0% | -8.8pp | -1.7pp |
| Net Margin | -25.4% | -2.5% | -22.7% | -22.9pp | -2.7pp |
| EPS (Diluted) | $-4.80 | $-1.07 | $-4.29 | -348.6% | -11.9% |
| Free Cash Flow | -$110M | $34M | -$83M | -421.5% | -32.9% |
| Item | Amount |
|---|---|
| REVENUE | $175M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $215M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | -$55M |
| Income Tax Expense | -$11M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $8M |
| EBIT | -$40M |
| EBITDA | -$31M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $780.0K |
| Change in Working Capital | -$59M |
| OPERATING CASH FLOW | -$105M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $30.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$34.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | -$110M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $271M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $357M |
| Goodwill | $181M |
| Intangible Assets | $34M |
| Long-Term Investments | $0 |
| Tax Assets | $16M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $625M |
| TOTAL ASSETS | $967M |
| Account Payables | $56M |
| Short-Term Debt | $65M |
| Deferred Revenue | $7M |
| Other Current Liabilities | -$17M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $791M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $993M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $185.0K |
| Additional Paid-In Capital | $109M |
| Retained Earnings | -$329M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$220M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$220M |
| TOTAL LIABILITIES & EQUITY | $967M |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
