| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $217M | $237M | $229M | -8.4% | -5.3% |
| Op. Income | $9M | $18M | $19M | -50.7% | -54.7% |
| Gross Margin | 39.8% | 47.9% | 51.0% | -8.1pp | -11.2pp |
| Net Margin | -5.8% | -2.3% | 0.7% | -3.5pp | -6.5pp |
| EPS (Diluted) | $-0.06 | $-0.03 | $0.01 | -132.8% | -943.5% |
| Free Cash Flow | -$56M | $2M | -$8M | -2448.8% | -639.4% |
| Item | Amount |
|---|---|
| REVENUE | $217M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $86M |
| R&D Expenses | $5M |
| Selling & Marketing | $46M |
| General & Administrative | $52M |
| SG&A Expenses | $97M |
| Other Expenses | -$25M |
| Operating Expenses | $78M |
| Cost & Expenses | $208M |
| OPERATING INCOME | $9M |
| Interest Income | $993.0K |
| Interest Expense | $19M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$3M |
| 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 | $30M |
| EBIT | $3M |
| EBITDA | $33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$9M |
| Other Non-Cash Items | $676.0K |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$38M |
| Acquisitions (Net) | $4M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $325.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | -$98.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $979.0K |
| FREE CASH FLOW | -$56M |
| Net Change in Cash | -$50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $0 |
| Net Receivables | $168M |
| Inventory | $199M |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $541M |
| PP&E (Net) | $315M |
| Goodwill | $2.1B |
| Intangible Assets | $1.5B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $4.0B |
| TOTAL ASSETS | $4.5B |
| Account Payables | $61M |
| Short-Term Debt | $3M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $889M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $318M |
| Other Non-Current Liabilities | $39M |
| TOTAL NON-CURRENT LIABILITIES | $1.2B |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | $543M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$31M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.1B |
| TOTAL LIABILITIES & EQUITY | $4.5B |
| Total Debt | $892M |
| Net Debt | $771M |
