| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$82M | $80M | $162M | -202.3% | -150.5% |
| Op. Income | -$134M | $30M | $117M | -553.4% | -214.9% |
| Gross Margin | 142.9% | 55.1% | 76.9% | 87.8pp | 66.0pp |
| Net Margin | 163.2% | 36.8% | 71.8% | 126.4pp | 91.4pp |
| EPS (Diluted) | $-0.38 | $-0.02 | $0.29 | -1684.0% | -231.0% |
| Free Cash Flow | $174M | $128M | $95M | 36.0% | 82.7% |
| Item | Amount |
|---|---|
| REVENUE | -$82M |
| Cost of Revenue | $35M |
| GROSS PROFIT | -$117M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $4M |
| Operating Expenses | $17M |
| Cost & Expenses | $52M |
| OPERATING INCOME | -$134M |
| Interest Income | $185M |
| Interest Expense | $35M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$134M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$134M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$134M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$165M |
| D&A | $0 |
| EBIT | -$134M |
| EBITDA | -$134M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$134M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $244M |
| Change in Working Capital | $63M |
| OPERATING CASH FLOW | $174M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$160M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$93M |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$203M |
| FREE CASH FLOW | $174M |
| Net Change in Cash | -$29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $91M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.5B |
| TOTAL NON-CURRENT ASSETS | $7.5B |
| TOTAL ASSETS | $7.6B |
| Account Payables | $48M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $2.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1.8B |
| TOTAL NON-CURRENT LIABILITIES | $4.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $434.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$740M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.5B |
| TOTAL LIABILITIES & EQUITY | $7.6B |
| Total Debt | $2.3B |
| Net Debt | $2.2B |
