| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $348M | $309M | $309M | 12.7% | 12.5% |
| Op. Income | -$4M | -$11M | -$15M | 65.1% | 74.8% |
| Gross Margin | 11.5% | 11.1% | 10.2% | 0.4pp | 1.3pp |
| Net Margin | -0.6% | -3.0% | -4.0% | 2.4pp | 3.4pp |
| EPS (Diluted) | $-0.11 | $-0.47 | $-0.64 | 76.6% | 82.8% |
| Free Cash Flow | -$26M | $30M | -$32M | -185.4% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $348M |
| Cost of Revenue | $308M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $352M |
| OPERATING INCOME | -$4M |
| Interest Income | $296.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $287.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $2M |
| EBIT | -$4M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$624.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $737.5K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$44.5K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $153M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $113M |
| TOTAL ASSETS | $373M |
| Account Payables | $118M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $207M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $259M |
| Common Stock | $9M |
| Additional Paid-In Capital | $301M |
| Retained Earnings | -$178M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $114M |
| Minority Interest | $0 |
| TOTAL EQUITY | $114M |
| TOTAL LIABILITIES & EQUITY | $373M |
| Total Debt | $75M |
| Net Debt | $16M |
