| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $228M | $273M | $118M | -16.6% | 93.1% |
| Op. Income | -$118M | -$71M | -$70M | -64.8% | -68.5% |
| Gross Margin | 38.7% | 45.3% | 28.4% | -6.6pp | 10.3pp |
| Net Margin | -46.2% | -17.0% | 56.3% | -29.2pp | -102.5pp |
| EPS (Diluted) | $-2.95 | $-4.91 | $1.89 | 39.9% | -256.1% |
| Free Cash Flow | $16M | -$87M | -$285M | 117.9% | 105.5% |
| Item | Amount |
|---|---|
| REVENUE | $228M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $88M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $119M |
| Other Expenses | $87M |
| Operating Expenses | $206M |
| Cost & Expenses | $346M |
| OPERATING INCOME | -$118M |
| Interest Income | $7M |
| Interest Expense | $27M |
| Other Income/Expenses | -$21M |
| INCOME BEFORE TAX | -$138M |
| Income Tax Expense | -$33M |
| Net Income from Continuing Ops | -$105M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$105M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$105M |
| D&A | $82M |
| EBIT | -$111M |
| EBITDA | -$29M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$105M |
| Depreciation & Amortization | $82M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$33M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $64M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$19M |
| Acquisitions (Net) | -$568.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$496.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$21M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$15M |
| NET CASH FROM FINANCING | -$36M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $540M |
| Short-Term Investments | $0 |
| Net Receivables | $127M |
| Inventory | $14M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $736M |
| PP&E (Net) | $3.2B |
| Goodwill | $470M |
| Intangible Assets | $30M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $133M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $4.6B |
| Account Payables | $35M |
| Short-Term Debt | $829M |
| Deferred Revenue | $84M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $523M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $193M |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $963M |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $358.0K |
| Additional Paid-In Capital | $2.4B |
| Retained Earnings | -$94M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $4.6B |
| Total Debt | $1.5B |
| Net Debt | $958M |
