| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $344M | $481M | — | -28.5% | — |
| Op. Income | $30M | $63M | — | -51.7% | — |
| Gross Margin | 35.3% | 32.1% | — | 3.2pp | — |
| Net Margin | 5.2% | 9.3% | — | -4.1pp | — |
| EPS (Diluted) | $1.05 | $2.55 | — | -58.8% | — |
| Free Cash Flow | -$49M | -$42M | — | -17.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $122M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $1M |
| Operating Expenses | $91M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $11M |
| EBIT | $30M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $344M |
| Cost of Revenue | $223M |
| GROSS PROFIT | $122M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $72M |
| SG&A Expenses | $72M |
| Other Expenses | $1M |
| Operating Expenses | $91M |
| Cost & Expenses | $314M |
| OPERATING INCOME | $30M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $11M |
| EBIT | $30M |
| EBITDA | $42M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$851.0K |
| Other Non-Cash Items | -$94.0K |
| Change in Working Capital | -$72M |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | -$76M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$87M |
| Net Debt Issuance | $213M |
| Common Stock Repurchased | -$80M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $114M |
| FREE CASH FLOW | -$49M |
| Net Change in Cash | -$10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $85M |
| Short-Term Investments | $0 |
| Net Receivables | $688M |
| Inventory | $456M |
| Other Current Assets | $81M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $125M |
| Goodwill | $381M |
| Intangible Assets | $183M |
| Long-Term Investments | $676.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $114M |
| TOTAL NON-CURRENT ASSETS | $804M |
| TOTAL ASSETS | $2.1B |
| Account Payables | $192M |
| Short-Term Debt | $267M |
| Deferred Revenue | $64M |
| Other Current Liabilities | -$10M |
| TOTAL CURRENT LIABILITIES | $713M |
| Long-Term Debt | $468M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $103M |
| TOTAL NON-CURRENT LIABILITIES | $614M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $17.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $811M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $786M |
| Minority Interest | $0 |
| TOTAL EQUITY | $786M |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $765M |
| Net Debt | $680M |
