| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $171M | $173M | -21.2% | -22.0% |
| Op. Income | -$12M | $6M | $3M | -289.3% | -467.1% |
| Gross Margin | 15.2% | 20.4% | 19.1% | -5.1pp | -3.8pp |
| Net Margin | -7.0% | 2.3% | 1.2% | -9.3pp | -8.2pp |
| EPS (Diluted) | $-0.18 | $0.09 | $0.04 | -307.6% | -554.5% |
| Free Cash Flow | $5M | $3M | $6M | 59.4% | -16.3% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $114M |
| GROSS PROFIT | $21M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $18M |
| Operating Expenses | $33M |
| Cost & Expenses | $147M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $18M |
| EBIT | -$12M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$21M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $14M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$2M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $0 |
| Net Receivables | $52M |
| Inventory | $56M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $508M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $522M |
| TOTAL ASSETS | $686M |
| Account Payables | $59M |
| Short-Term Debt | $307.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $104M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $51M |
| Other Non-Current Liabilities | $37M |
| TOTAL NON-CURRENT LIABILITIES | $206M |
| TOTAL LIABILITIES | $330M |
| Common Stock | $547.0K |
| Additional Paid-In Capital | $306M |
| Retained Earnings | $48M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $355M |
| Minority Interest | $0 |
| TOTAL EQUITY | $355M |
| TOTAL LIABILITIES & EQUITY | $686M |
| Total Debt | $125M |
| Net Debt | $82M |
