| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $161M | $143M | $79M | 13.2% | 103.5% |
| Op. Income | -$234M | $188M | $204M | -224.3% | -214.7% |
| Gross Margin | 40.8% | 37.5% | 40.6% | 3.3pp | 0.2pp |
| Net Margin | -183.6% | 95.7% | 267.1% | -279.3pp | -450.7pp |
| EPS (Diluted) | $-0.90 | $0.43 | $0.81 | -309.3% | -211.1% |
| Free Cash Flow | -$155M | -$853M | -$254M | 81.8% | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $161M |
| Cost of Revenue | $96M |
| GROSS PROFIT | $66M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $71M |
| Other Expenses | $228M |
| Operating Expenses | $300M |
| Cost & Expenses | $395M |
| OPERATING INCOME | -$234M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | -$296M |
| Income Tax Expense | $437.0K |
| Net Income from Continuing Ops | -$296M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$296M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$296M |
| D&A | $78M |
| EBIT | -$298M |
| EBITDA | -$221M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$296M |
| Depreciation & Amortization | $78M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$122M |
| Capital Expenditure | -$33M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$26M |
| NET CASH FROM INVESTING | -$59M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$484.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$64.0K |
| NET CASH FROM FINANCING | $68M |
| FREE CASH FLOW | -$155M |
| Net Change in Cash | -$113M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $164M |
| Short-Term Investments | $71M |
| Net Receivables | $28M |
| Inventory | $0 |
| Other Current Assets | $187M |
| TOTAL CURRENT ASSETS | $450M |
| PP&E (Net) | $1.3B |
| Goodwill | $122M |
| Intangible Assets | $44M |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $169M |
| TOTAL NON-CURRENT ASSETS | $3.3B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $8M |
| Short-Term Debt | $314.0K |
| Deferred Revenue | $12M |
| Other Current Liabilities | $49M |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $585M |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $774M |
| Common Stock | $3.9B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$987M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $245.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.9B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $619M |
| Net Debt | $455M |
