| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $759M | — | $1.6B | — | -53.0% |
| Op. Income | $82M | — | $72M | — | 14.0% |
| Gross Margin | 20.8% | — | 10.4% | — | 10.4pp |
| Net Margin | 1.3% | — | 1.2% | — | 0.1pp |
| EPS (Diluted) | $-0.14 | — | $-0.11 | — | -27.3% |
| Free Cash Flow | -$78M | — | $20M | — | -482.9% |
| Item | Amount |
|---|---|
| REVENUE | $759M |
| Cost of Revenue | $601M |
| GROSS PROFIT | $158M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $61M |
| Operating Expenses | $76M |
| Cost & Expenses | $677M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | -$7M |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $62M |
| EBIT | $80M |
| EBITDA | $142M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| REVENUE | $759M |
| Cost of Revenue | $601M |
| GROSS PROFIT | $158M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $61M |
| Operating Expenses | $76M |
| Cost & Expenses | $677M |
| OPERATING INCOME | $82M |
| Interest Income | $0 |
| Interest Expense | $67M |
| Other Income/Expenses | -$69M |
| INCOME BEFORE TAX | $13M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | -$7M |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $62M |
| EBIT | $80M |
| EBITDA | $142M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $62M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$101M |
| OPERATING CASH FLOW | -$18M |
| Capital Expenditure | -$60M |
| Acquisitions (Net) | $69M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $174M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $689.0K |
| NET CASH FROM FINANCING | -$44M |
| FREE CASH FLOW | -$78M |
| Net Change in Cash | -$34M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $754M |
| Inventory | $159M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $990M |
| PP&E (Net) | $2.2B |
| Goodwill | $634M |
| Intangible Assets | $929M |
| Long-Term Investments | $19M |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $3.8B |
| TOTAL ASSETS | $4.8B |
| Account Payables | $628M |
| Short-Term Debt | $8M |
| Deferred Revenue | $25M |
| Other Current Liabilities | $145M |
| TOTAL CURRENT LIABILITIES | $865M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124M |
| TOTAL NON-CURRENT LIABILITIES | $3.2B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | -$101M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$523.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $798M |
| Minority Interest | -$33M |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $4.8B |
| Total Debt | $3.1B |
| Net Debt | $3.1B |
