| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $242M | $409M | $268M | -40.7% | -9.6% |
| Op. Income | -$24M | $7M | -$26M | -428.9% | 6.5% |
| Gross Margin | 25.8% | 26.3% | 30.3% | -0.4pp | -4.4pp |
| Net Margin | -14.1% | -2.0% | -14.1% | -12.1pp | 0.1pp |
| EPS (Diluted) | $-1.57 | $-0.63 | $-2.99 | -149.2% | 47.5% |
| Free Cash Flow | -$46M | $121M | -$115M | -138.2% | 59.8% |
| Item | Amount |
|---|---|
| REVENUE | $242M |
| Cost of Revenue | $180M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $87M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $266M |
| OPERATING INCOME | -$24M |
| Interest Income | $10.0K |
| Interest Expense | $9M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$33M |
| Income Tax Expense | $1M |
| 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 | -$34M |
| D&A | $8M |
| EBIT | -$24M |
| EBITDA | -$16M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | -$43M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$47M |
| Common Stock Repurchased | -$84.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$395.0K |
| NET CASH FROM FINANCING | $42M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | $347.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $41M |
| Inventory | $422M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $501M |
| PP&E (Net) | $258M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $780M |
| Account Payables | $131M |
| Short-Term Debt | $325M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $73M |
| TOTAL CURRENT LIABILITIES | $544M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $778M |
| Common Stock | $2M |
| Additional Paid-In Capital | $242M |
| Retained Earnings | -$227M |
| Treasury Stock | -$90.0K |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1M |
| Minority Interest | $0 |
| TOTAL EQUITY | $1M |
| TOTAL LIABILITIES & EQUITY | $780M |
| Total Debt | $545M |
| Net Debt | $539M |
