| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $303M | $344M | $297M | -11.8% | 2.1% |
| Op. Income | $21M | $44M | $25M | -52.0% | -14.7% |
| Gross Margin | 12.4% | 17.2% | 14.5% | -4.9pp | -2.1pp |
| Net Margin | 3.4% | 7.8% | 3.4% | -4.4pp | 0.1pp |
| EPS (Diluted) | $0.11 | $0.28 | $0.10 | -60.7% | 10.0% |
| Free Cash Flow | -$10M | $21M | $31M | -145.4% | -130.9% |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $17M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $36M |
| EBIT | $22M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $303M |
| Cost of Revenue | $266M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $5M |
| Operating Expenses | $17M |
| Cost & Expenses | $282M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $36M |
| EBIT | $22M |
| EBITDA | $58M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$31M |
| Net Debt Issuance | -$18M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$601.0K |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $0 |
| Net Receivables | $360M |
| Inventory | $101M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $555M |
| PP&E (Net) | $451M |
| Goodwill | $645M |
| Intangible Assets | $61M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $307M |
| Short-Term Debt | $128M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $503M |
| Long-Term Debt | $239M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $82M |
| TOTAL NON-CURRENT LIABILITIES | $346M |
| TOTAL LIABILITIES | $849M |
| Common Stock | $896M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $24M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $69.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $920M |
| Minority Interest | $0 |
| TOTAL EQUITY | $920M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $392M |
| Net Debt | $313M |
