| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $523M | $419M | $501M | 24.7% | 4.4% |
| Op. Income | $76M | -$41M | $45M | 286.6% | 66.8% |
| Gross Margin | 76.0% | 80.9% | 58.9% | -4.8pp | 17.1pp |
| Net Margin | -1.8% | -34.8% | -6.3% | 33.0pp | 4.5pp |
| EPS (Diluted) | $-0.05 | $-0.76 | $-0.19 | 93.5% | 73.9% |
| Free Cash Flow | -$38M | -$142M | -$103M | 73.4% | 63.4% |
| Item | Amount |
|---|---|
| REVENUE | $523M |
| Cost of Revenue | $125M |
| GROSS PROFIT | $398M |
| R&D Expenses | $63M |
| Selling & Marketing | $86M |
| General & Administrative | $84M |
| SG&A Expenses | $170M |
| Other Expenses | $89M |
| Operating Expenses | $322M |
| Cost & Expenses | $447M |
| OPERATING INCOME | $76M |
| Interest Income | $0 |
| Interest Expense | $81M |
| Other Income/Expenses | -$81M |
| INCOME BEFORE TAX | -$5M |
| 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 | $89M |
| EBIT | $76M |
| EBITDA | $165M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $89M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$403.0K |
| Other Non-Cash Items | $53M |
| Change in Working Capital | -$135M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$35M |
| Net Debt Issuance | -$8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$38M |
| Net Change in Cash | -$46M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $0 |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | -$204M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $0 |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$369M |
| TOTAL NON-CURRENT LIABILITIES | -$369M |
| TOTAL LIABILITIES | -$369M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $369M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $369M |
| Minority Interest | $0 |
| TOTAL EQUITY | $369M |
| TOTAL LIABILITIES & EQUITY | $0 |
| Total Debt | $0 |
| Net Debt | $0 |
