| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $471M | $596M | $495M | -21.0% | -4.9% |
| Op. Income | $5M | $16M | $15M | -67.3% | -65.1% |
| Gross Margin | 19.1% | 16.0% | 18.7% | 3.1pp | 0.4pp |
| Net Margin | -1.3% | 9.5% | 0.9% | -10.9pp | -2.2pp |
| EPS (Diluted) | $-0.18 | $1.59 | $0.12 | -111.3% | -250.0% |
| Free Cash Flow | $2M | $101M | -$43M | -97.9% | 104.9% |
| Item | Amount |
|---|---|
| REVENUE | $471M |
| Cost of Revenue | $381M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $83M |
| Other Expenses | $2M |
| Operating Expenses | $85M |
| Cost & Expenses | $466M |
| OPERATING INCOME | $5M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $16M |
| EBIT | -$100.0K |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $500.0K |
| Change in Working Capital | $500.0K |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $41M |
| Short-Term Investments | $0 |
| Net Receivables | $268M |
| Inventory | $702M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $412M |
| Goodwill | $78M |
| Intangible Assets | $122M |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $709M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $268M |
| Short-Term Debt | $18M |
| Deferred Revenue | $25M |
| Other Current Liabilities | $218M |
| TOTAL CURRENT LIABILITIES | $555M |
| Long-Term Debt | $381M |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $102M |
| TOTAL NON-CURRENT LIABILITIES | $557M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $611M |
| Retained Earnings | $193M |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$90M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $652M |
| Minority Interest | $0 |
| TOTAL EQUITY | $652M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $454M |
| Net Debt | $412M |
