| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $241M | $257M | $259M | -6.5% | -7.0% |
| Op. Income | $1M | -$24M | -$8M | 104.7% | 114.7% |
| Gross Margin | 18.1% | 7.6% | 17.3% | 10.5pp | 0.8pp |
| Net Margin | -4.3% | -11.0% | -7.1% | 6.7pp | 2.8pp |
| EPS (Diluted) | $-0.29 | $-0.80 | $-0.52 | 63.7% | 44.2% |
| Free Cash Flow | $18M | $26M | -$3M | -31.6% | 766.7% |
| Item | Amount |
|---|---|
| REVENUE | $241M |
| Cost of Revenue | $197M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $6M |
| Operating Expenses | $42M |
| Cost & Expenses | $239M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $15M |
| EBIT | $2M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $500.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $18M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $300.0K |
| Common Stock Repurchased | -$400.0K |
| Common Dividends Paid | -$3M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $121M |
| Short-Term Investments | $0 |
| Net Receivables | $221M |
| Inventory | $191M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $549M |
| PP&E (Net) | $247M |
| Goodwill | $174M |
| Intangible Assets | $235M |
| Long-Term Investments | $0 |
| Tax Assets | $38M |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $742M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $124M |
| Short-Term Debt | $200.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $220M |
| Long-Term Debt | $323M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $384M |
| TOTAL LIABILITIES | $603M |
| Common Stock | $18M |
| Additional Paid-In Capital | $193M |
| Retained Earnings | $511M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $688M |
| Minority Interest | $0 |
| TOTAL EQUITY | $688M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $348M |
| Net Debt | $227M |
