| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $336M | $330M | -0.2% | 1.6% |
| Op. Income | $15M | $16M | $13M | -5.5% | 9.7% |
| Gross Margin | 29.5% | 29.5% | 29.9% | -0.0pp | -0.5pp |
| Net Margin | 3.4% | 3.5% | 3.0% | -0.1pp | 0.4pp |
| EPS (Diluted) | $0.49 | $0.51 | $0.43 | -3.9% | 14.0% |
| Free Cash Flow | $12M | $42M | -$7M | -72.5% | 265.3% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $73M |
| Operating Expenses | $84M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $713.0K |
| Other Income/Expenses | -$713.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $8M |
| EBIT | $15M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $237M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $73M |
| Operating Expenses | $84M |
| Cost & Expenses | $321M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $713.0K |
| Other Income/Expenses | -$713.0K |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $8M |
| EBIT | $15M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $857.0K |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $12.0K |
| Change in Working Capital | $912.0K |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$10M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$886.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $12M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $128M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $167M |
| PP&E (Net) | $485M |
| Goodwill | $5M |
| Intangible Assets | $11M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $299.0K |
| TOTAL NON-CURRENT ASSETS | $502M |
| TOTAL ASSETS | $669M |
| Account Payables | $84M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$2M |
| TOTAL CURRENT LIABILITIES | $156M |
| Long-Term Debt | $241M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | -$241M |
| TOTAL NON-CURRENT LIABILITIES | $292M |
| TOTAL LIABILITIES | $449M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | $157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $220M |
| Minority Interest | $0 |
| TOTAL EQUITY | $220M |
| TOTAL LIABILITIES & EQUITY | $669M |
| Total Debt | $325M |
| Net Debt | $302M |
