| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $402M | $447M | $450M | -10.0% | -10.7% |
| Op. Income | $11M | $12M | $18M | -10.3% | -38.2% |
| Gross Margin | 29.4% | 30.9% | 28.1% | -1.5pp | 1.3pp |
| Net Margin | -0.9% | -15.3% | -0.5% | 14.4pp | -0.4pp |
| EPS (Diluted) | $-0.11 | $-2.19 | $-0.07 | 95.0% | -47.7% |
| Free Cash Flow | -$35M | $24M | -$41M | -244.5% | 16.4% |
| Item | Amount |
|---|---|
| REVENUE | $402M |
| Cost of Revenue | $284M |
| GROSS PROFIT | $118M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $107M |
| Other Expenses | $0 |
| Operating Expenses | $107M |
| Cost & Expenses | $391M |
| OPERATING INCOME | $11M |
| Interest Income | $0 |
| Interest Expense | $16M |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $23M |
| EBIT | $10M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $32M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | -$9M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $288M |
| Inventory | $242M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $623M |
| PP&E (Net) | $327M |
| Goodwill | $686M |
| Intangible Assets | $117M |
| Long-Term Investments | $23M |
| Tax Assets | $6M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $102M |
| Short-Term Debt | $30M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $168M |
| TOTAL CURRENT LIABILITIES | $396M |
| Long-Term Debt | $785M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $47M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $983M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $36M |
| Additional Paid-In Capital | $145M |
| Retained Earnings | $611M |
| Treasury Stock | -$197M |
| Accum. Other Comp. Income | -$181M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $413M |
| Minority Interest | $48.0K |
| TOTAL EQUITY | $413M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $873M |
| Net Debt | $840M |
