| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $186M | $142M | -25.5% | -2.5% |
| Op. Income | -$18M | -$9M | -$33M | -108.6% | 44.7% |
| Gross Margin | 29.6% | 45.9% | 28.5% | -16.4pp | 1.1pp |
| Net Margin | -13.9% | 36.0% | -35.6% | -49.9pp | 21.7pp |
| EPS (Diluted) | $-0.40 | $1.41 | $-1.00 | -128.4% | 60.0% |
| Free Cash Flow | -$33M | -$4M | -$2M | -669.5% | -1600.6% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $98M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $14M |
| Operating Expenses | $59M |
| Cost & Expenses | $157M |
| OPERATING INCOME | -$18M |
| Interest Income | $372.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | -$14M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $14M |
| EBIT | -$19M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$14M |
| Other Non-Cash Items | $822.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $55.0K |
| Other Investing Activities | -$840.0K |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | $51M |
| Common Stock Repurchased | -$13M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $124M |
| Inventory | $4M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $1.0B |
| Goodwill | $69M |
| Intangible Assets | $64M |
| Long-Term Investments | $7M |
| Tax Assets | $82M |
| Other Non-Current Assets | $95M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $21M |
| Short-Term Debt | $20M |
| Deferred Revenue | $271M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $521M |
| Long-Term Debt | $647M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $529.0K |
| Additional Paid-In Capital | $27M |
| Retained Earnings | $96M |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | -$32M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$49M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$49M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $1.1B |
| Net Debt | $1.1B |
