| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $209M | $225M | $217M | -7.2% | -3.6% |
| Op. Income | -$16M | -$8M | $9M | -103.1% | -284.5% |
| Gross Margin | 34.4% | 30.8% | 39.8% | 3.7pp | -5.4pp |
| Net Margin | 17.4% | -271.5% | -5.8% | 288.9pp | 23.2pp |
| EPS (Diluted) | $0.17 | $-2.82 | $-0.06 | 106.0% | 392.1% |
| Free Cash Flow | -$13M | $406.0K | -$56M | -3338.7% | 76.7% |
| Item | Amount |
|---|---|
| REVENUE | $209M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $72M |
| R&D Expenses | $5M |
| Selling & Marketing | $45M |
| General & Administrative | $61M |
| SG&A Expenses | $106M |
| Other Expenses | -$23M |
| Operating Expenses | $88M |
| Cost & Expenses | $225M |
| OPERATING INCOME | -$16M |
| Interest Income | $918.0K |
| Interest Expense | $16M |
| Other Income/Expenses | $60M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $29M |
| EBIT | $60M |
| EBITDA | $89M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | -$75M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$24M |
| Acquisitions (Net) | $122M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $98M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$223.0K |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $139M |
| Short-Term Investments | $0 |
| Net Receivables | $138M |
| Inventory | $193M |
| Other Current Assets | $53M |
| TOTAL CURRENT ASSETS | $524M |
| PP&E (Net) | $363M |
| Goodwill | $1.1B |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $2.9B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $77M |
| Short-Term Debt | $764.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $146M |
| Long-Term Debt | $793M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $277M |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $35M |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$500M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$23M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.1B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $793M |
| Net Debt | $654M |
