| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $188M | — | $193M | — | -2.5% |
| Op. Income | $8M | — | $14M | — | -44.3% |
| Net Margin | -3.6% | — | -0.5% | — | -3.1pp |
| EPS (Diluted) | $0.00 | — | $-0.03 | — | 100.0% |
| Free Cash Flow | -$12M | — | -$4M | — | -174.4% |
| Item | Amount |
|---|---|
| REVENUE | $188M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $56M |
| Operating Expenses | $67M |
| Cost & Expenses | $180M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | -$14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$518.0K |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $13M |
| EBIT | $0 |
| EBITDA | -$8M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $45.0K |
| Deferred Income Tax | $142.0K |
| Other Non-Cash Items | -$20M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$17M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $29M |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49.0K |
| Short-Term Investments | $0 |
| Net Receivables | $70M |
| Inventory | $50M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $1.0B |
| Goodwill | $17M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | -$681M |
| TOTAL NON-CURRENT ASSETS | $388M |
| TOTAL ASSETS | $537M |
| Account Payables | $0 |
| Short-Term Debt | $15.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $118M |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $458M |
| TOTAL NON-CURRENT LIABILITIES | $512M |
| TOTAL LIABILITIES | $630M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$93M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$93M |
| TOTAL LIABILITIES & EQUITY | $537M |
| Total Debt | $53M |
| Net Debt | $53M |
