| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $693M | $708M | $711M | -2.1% | -2.6% |
| Op. Income | $33M | -$100M | -$1.8B | 132.5% | 101.9% |
| Gross Margin | 49.6% | 46.1% | 46.7% | 3.5pp | 2.8pp |
| Net Margin | -1.8% | -25.2% | -239.9% | 23.4pp | 238.1pp |
| EPS (Diluted) | $-0.19 | $-2.28 | $-25.50 | 91.7% | 99.3% |
| Free Cash Flow | $76M | $17M | -$67M | 358.8% | 213.3% |
| Item | Amount |
|---|---|
| REVENUE | $693M |
| Cost of Revenue | $350M |
| GROSS PROFIT | $343M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $187M |
| Other Expenses | $71M |
| Operating Expenses | $311M |
| Cost & Expenses | $660M |
| OPERATING INCOME | $33M |
| Interest Income | $0 |
| Interest Expense | $42M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $107M |
| EBIT | $34M |
| EBITDA | $141M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $107M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$100.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$45M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | $10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$66M |
| NET CASH FROM INVESTING | -$56M |
| Net Debt Issuance | $16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | $76M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $0 |
| Net Receivables | $437M |
| Inventory | $563M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.3B |
| PP&E (Net) | $1.6B |
| Goodwill | $671M |
| Intangible Assets | $2.7B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $270M |
| TOTAL NON-CURRENT ASSETS | $5.2B |
| TOTAL ASSETS | $6.5B |
| Account Payables | $231M |
| Short-Term Debt | $394M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $86M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $2.1B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $78M |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $2.4B |
| TOTAL LIABILITIES | $3.5B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | $123M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$24M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.0B |
| TOTAL LIABILITIES & EQUITY | $6.5B |
| Total Debt | $2.7B |
| Net Debt | $2.6B |
