| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $665M | — | $691M | — | -3.7% |
| Op. Income | -$38M | — | -$653M | — | 94.1% |
| Gross Margin | 19.1% | — | 19.2% | — | -0.2pp |
| Net Margin | -10.7% | — | -92.7% | — | 82.0pp |
| EPS (Diluted) | $-0.31 | — | $-2.91 | — | 89.3% |
| Free Cash Flow | $4M | — | -$118M | — | 103.6% |
| Item | Amount |
|---|---|
| REVENUE | $665M |
| Cost of Revenue | $539M |
| GROSS PROFIT | $127M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $165M |
| Other Expenses | $0 |
| Operating Expenses | $165M |
| Cost & Expenses | $704M |
| OPERATING INCOME | -$38M |
| Interest Income | $0 |
| Interest Expense | $31M |
| Other Income/Expenses | -$25M |
| INCOME BEFORE TAX | -$63M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$72M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$72M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$72M |
| D&A | $74M |
| EBIT | -$44M |
| EBITDA | $30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$72M |
| Depreciation & Amortization | $92M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$500.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $269M |
| Inventory | $0 |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $582M |
| PP&E (Net) | $732M |
| Goodwill | $737M |
| Intangible Assets | $808M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $102M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $3.0B |
| Account Payables | $389M |
| Short-Term Debt | $26M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $117M |
| TOTAL CURRENT LIABILITIES | $735M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $27M |
| Other Non-Current Liabilities | $128M |
| TOTAL NON-CURRENT LIABILITIES | $3.3B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$3.8B |
| Treasury Stock | -$31M |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$1.1B |
| TOTAL LIABILITIES & EQUITY | $3.0B |
| Total Debt | $3.3B |
| Net Debt | $3.2B |
