| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $422M | — | $464M | — | -9.1% |
| Op. Income | -$18M | — | -$28M | — | 34.2% |
| Gross Margin | 5.7% | — | 15.0% | — | -9.3pp |
| Net Margin | -8.1% | — | -8.2% | — | 0.2pp |
| EPS (Diluted) | $-1.07 | — | $-1.11 | — | 3.6% |
| Free Cash Flow | $7M | — | -$7M | — | 199.8% |
| Item | Amount |
|---|---|
| REVENUE | $422M |
| Cost of Revenue | $398M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | -$4M |
| Operating Expenses | $42M |
| Cost & Expenses | $440M |
| OPERATING INCOME | -$18M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $36M |
| EBIT | -$18M |
| EBITDA | $18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $36M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$961.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $66M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $164M |
| PP&E (Net) | $194M |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $43M |
| Tax Assets | $2M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $277M |
| TOTAL ASSETS | $441M |
| Account Payables | $49M |
| Short-Term Debt | $16M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $154M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $205M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $502.0K |
| Additional Paid-In Capital | $440M |
| Retained Earnings | -$368M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $146M |
| Minority Interest | $0 |
| TOTAL EQUITY | $146M |
| TOTAL LIABILITIES & EQUITY | $441M |
| Total Debt | $211M |
| Net Debt | $200M |
