| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $390M | — | $362M | — | 7.7% |
| Op. Income | -$15M | — | -$65M | — | 76.8% |
| Gross Margin | 23.1% | — | 22.9% | — | 0.2pp |
| Net Margin | -19.4% | — | -30.3% | — | 10.9pp |
| EPS (Diluted) | $-6.85 | — | $-10.02 | — | 31.6% |
| Free Cash Flow | -$23M | — | -$76M | — | 70.0% |
| Item | Amount |
|---|---|
| REVENUE | $390M |
| Cost of Revenue | $300M |
| GROSS PROFIT | $90M |
| R&D Expenses | $0 |
| Selling & Marketing | $48M |
| General & Administrative | $43M |
| SG&A Expenses | $91M |
| Other Expenses | $14M |
| Operating Expenses | $105M |
| Cost & Expenses | $405M |
| OPERATING INCOME | -$15M |
| Interest Income | $2M |
| Interest Expense | $57M |
| Other Income/Expenses | -$52M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | $9M |
| 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 | -$76M |
| D&A | $240M |
| EBIT | -$15M |
| EBITDA | $225M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$76M |
| Depreciation & Amortization | $51M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $732.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $19M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$392.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $102M |
| TOTAL CURRENT ASSETS | $203M |
| PP&E (Net) | $345M |
| Goodwill | $130M |
| Intangible Assets | $20M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $528M |
| TOTAL ASSETS | $731M |
| Account Payables | $35M |
| Short-Term Debt | $137M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $152M |
| TOTAL CURRENT LIABILITIES | $330M |
| Long-Term Debt | $481M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $565M |
| TOTAL LIABILITIES | $895M |
| Common Stock | $38M |
| Additional Paid-In Capital | $24M |
| Retained Earnings | -$226M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$57.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$164M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$164M |
| TOTAL LIABILITIES & EQUITY | $731M |
| Total Debt | $682M |
| Net Debt | $635M |
