| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219M | $171M | $204M | 28.5% | 7.4% |
| Op. Income | -$103M | -$289M | -$163M | 64.5% | 37.0% |
| Gross Margin | 8.0% | -80.7% | -10.2% | 88.6pp | 18.2pp |
| Net Margin | -44.9% | -183.3% | -77.0% | 138.4pp | 32.1pp |
| EPS (Diluted) | $-1.70 | $-5.00 | $-2.75 | 66.0% | 38.2% |
| Free Cash Flow | $24M | $79.0K | -$243M | 29917.7% | 109.7% |
| Item | Amount |
|---|---|
| REVENUE | $219M |
| Cost of Revenue | $202M |
| GROSS PROFIT | $18M |
| R&D Expenses | $62M |
| Selling & Marketing | $31M |
| General & Administrative | $29M |
| SG&A Expenses | $60M |
| Other Expenses | -$2M |
| Operating Expenses | $120M |
| Cost & Expenses | $322M |
| OPERATING INCOME | -$103M |
| Interest Income | $10M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$93M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$99M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$99M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$99M |
| D&A | $12M |
| EBIT | -$103M |
| EBITDA | -$91M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$99M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$659.0K |
| Change in Working Capital | $91M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | $68M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $24M |
| Net Change in Cash | $96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $401M |
| Short-Term Investments | $250M |
| Net Receivables | $241M |
| Inventory | $637M |
| Other Current Assets | $433M |
| TOTAL CURRENT ASSETS | $2.0B |
| PP&E (Net) | $388M |
| Goodwill | $49M |
| Intangible Assets | $9M |
| Long-Term Investments | $55M |
| Tax Assets | $0 |
| Other Non-Current Assets | $34M |
| TOTAL NON-CURRENT ASSETS | $535M |
| TOTAL ASSETS | $2.5B |
| Account Payables | $135M |
| Short-Term Debt | $341M |
| Deferred Revenue | $76M |
| Other Current Liabilities | $131M |
| TOTAL CURRENT LIABILITIES | $974M |
| Long-Term Debt | $330M |
| Deferred Revenue NC | $244M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $311M |
| TOTAL NON-CURRENT LIABILITIES | $957M |
| TOTAL LIABILITIES | $1.9B |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $594M |
| Minority Interest | $0 |
| TOTAL EQUITY | $594M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $758M |
| Net Debt | $357M |
