| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $485M | $459M | $500M | 5.7% | -3.1% |
| Op. Income | -$431M | $3M | $600.0K | -16661.5% | -71866.7% |
| Gross Margin | 15.0% | 16.9% | 16.8% | -1.9pp | -1.8pp |
| Net Margin | -87.8% | 0.3% | -5.6% | -88.1pp | -82.2pp |
| EPS (Diluted) | $-7.82 | $0.03 | $-0.52 | -28433.3% | -1403.8% |
| Free Cash Flow | -$30M | $2M | -$25M | -1668.4% | -18.7% |
| Item | Amount |
|---|---|
| REVENUE | $485M |
| Cost of Revenue | $412M |
| GROSS PROFIT | $73M |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $497M |
| Operating Expenses | $503M |
| Cost & Expenses | $915M |
| OPERATING INCOME | -$431M |
| Interest Income | $0 |
| Interest Expense | $18M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | -$450M |
| Income Tax Expense | -$25M |
| Net Income from Continuing Ops | -$426M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$426M |
| Net Income Deductions | $1 |
| BOTTOM LINE NET INCOME | -$426M |
| D&A | $35M |
| EBIT | -$13M |
| EBITDA | $23M |
| EPS | -$8 |
| EPS Diluted | -$8 |
| Item | Amount |
|---|---|
| Net Income | -$426M |
| Depreciation & Amortization | $35M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $393M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $31M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$6M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $25M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$500.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $0 |
| Net Receivables | $221M |
| Inventory | $346M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $686M |
| PP&E (Net) | $684M |
| Goodwill | $55M |
| Intangible Assets | $545M |
| Long-Term Investments | $6M |
| Tax Assets | $10M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $177M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $288M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $77M |
| Other Non-Current Liabilities | $86M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $6M |
| Additional Paid-In Capital | $678M |
| Retained Earnings | -$267M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $428M |
| Minority Interest | $0 |
| TOTAL EQUITY | $428M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
