| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $287M | $384M | $297M | -25.3% | -3.5% |
| Op. Income | $17M | $76M | $22M | -77.7% | -23.7% |
| Gross Margin | 92.0% | 92.4% | 92.3% | -0.4pp | -0.3pp |
| Net Margin | -5.6% | 7.3% | -3.8% | -12.9pp | -1.9pp |
| EPS (Diluted) | $-0.29 | $0.50 | $-0.17 | -158.0% | -70.6% |
| Free Cash Flow | -$31M | $86M | -$16M | -136.2% | -96.9% |
| Item | Amount |
|---|---|
| REVENUE | $287M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $264M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $44M |
| Other Expenses | $203M |
| Operating Expenses | $247M |
| Cost & Expenses | $270M |
| OPERATING INCOME | $17M |
| Interest Income | $0 |
| Interest Expense | $34M |
| Other Income/Expenses | -$34M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $42M |
| EBIT | $17M |
| EBITDA | $59M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$57M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$57M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$5M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$585.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $51M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $2.0B |
| Goodwill | $66M |
| Intangible Assets | $158M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $60M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $151M |
| Short-Term Debt | $15M |
| Deferred Revenue | $196M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $435M |
| Long-Term Debt | $2.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $210M |
| Other Non-Current Liabilities | $65M |
| TOTAL NON-CURRENT LIABILITIES | $2.6B |
| TOTAL LIABILITIES | $3.0B |
| Common Stock | $971.0K |
| Additional Paid-In Capital | $734M |
| Retained Earnings | $621M |
| Treasury Stock | -$1.8B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$478M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$478M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $2.4B |
| Net Debt | $2.3B |
