| Metric | FY 2024 | Prior Q | FY 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $559M | — | $358M | — | 56.2% |
| Op. Income | $37M | — | $10M | — | 255.9% |
| Gross Margin | 12.0% | — | 11.7% | — | 0.3pp |
| Net Margin | -13.6% | — | -6.6% | — | -7.0pp |
| EPS (Diluted) | $-3.12 | — | $-1.18 | — | -164.4% |
| Free Cash Flow | $40M | — | -$8M | — | 601.9% |
| Item | Amount |
|---|---|
| REVENUE | $559M |
| Cost of Revenue | $492M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $30M |
| Operating Expenses | $30M |
| Cost & Expenses | $522M |
| OPERATING INCOME | $37M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$107M |
| INCOME BEFORE TAX | -$70M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$76M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$76M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$96M |
| D&A | $6M |
| EBIT | $34M |
| EBITDA | $40M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $103M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $83M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$28M |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $40M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $0 |
| Net Receivables | $17M |
| Inventory | $75M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $224M |
| Account Payables | $50M |
| Short-Term Debt | $3M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $106M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $139M |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $374M |
| Common Stock | $221.0K |
| Additional Paid-In Capital | $69M |
| Retained Earnings | -$221M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $721.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$150M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$150M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $159M |
| Net Debt | $115M |
