| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.7B | $1.8B | $2.0B | -4.8% | -11.9% |
| Op. Income | -$16M | -$47M | $10M | 66.4% | -265.8% |
| Gross Margin | 8.5% | 6.5% | 10.1% | 2.0pp | -1.6pp |
| Net Margin | -1.7% | -3.0% | -0.2% | 1.3pp | -1.6pp |
| EPS (Diluted) | $-0.57 | $-1.01 | $-0.06 | 43.6% | -796.2% |
| Free Cash Flow | -$42M | -$63M | $3M | 33.0% | -1617.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.7B |
| Cost of Revenue | $1.6B |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $24M |
| SG&A Expenses | $24M |
| Other Expenses | $141M |
| Operating Expenses | $165M |
| Cost & Expenses | $1.8B |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $22M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $37M |
| EBIT | -$15M |
| EBITDA | $21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $37M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $35M |
| Common Stock Repurchased | -$51M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$72.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $0 |
| Net Receivables | $384M |
| Inventory | $1.1B |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.6B |
| Goodwill | $129M |
| Intangible Assets | $9M |
| Long-Term Investments | $107M |
| Tax Assets | $0 |
| Other Non-Current Assets | $269M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.8B |
| Account Payables | $411M |
| Short-Term Debt | $5M |
| Deferred Revenue | $7M |
| Other Current Liabilities | $223M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $60M |
| TOTAL NON-CURRENT LIABILITIES | $1.6B |
| TOTAL LIABILITIES | $2.6B |
| Common Stock | $523.0K |
| Additional Paid-In Capital | $887M |
| Retained Earnings | $214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $3.8B |
| Total Debt | $1.6B |
| Net Debt | $1.5B |
