| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $225M | $273M | $204M | -17.5% | 10.2% |
| Op. Income | -$9M | $24M | -$13M | -136.5% | 35.9% |
| Gross Margin | 27.9% | 31.0% | 25.3% | -3.1pp | 2.6pp |
| Net Margin | -5.6% | 6.0% | -8.6% | -11.6pp | 3.0pp |
| EPS (Diluted) | $-0.21 | $-0.33 | $-0.30 | 36.4% | 30.0% |
| Free Cash Flow | -$4M | $34M | -$21M | -112.8% | 79.1% |
| Item | Amount |
|---|---|
| REVENUE | $225M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $63M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $12M |
| Operating Expenses | $71M |
| Cost & Expenses | $234M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $8M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$4M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $19M |
| EBIT | -$9M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $19M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $0 |
| Net Receivables | $367M |
| Inventory | $340M |
| Other Current Assets | $71M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $157M |
| Goodwill | $938M |
| Intangible Assets | $200M |
| Long-Term Investments | $0 |
| Tax Assets | $73M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $98M |
| Short-Term Debt | $0 |
| Deferred Revenue | $125M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $322M |
| Long-Term Debt | $592M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $660M |
| TOTAL LIABILITIES | $983M |
| Common Stock | $594.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $169M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $645M |
| Net Debt | $340M |
