| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $629M | $640M | $646M | -1.7% | -2.6% |
| Op. Income | -$121M | -$48M | -$87M | -150.2% | -38.4% |
| Gross Margin | 68.7% | 70.5% | 69.9% | -1.8pp | -1.2pp |
| Net Margin | -14.8% | -7.6% | -12.7% | -7.2pp | -2.1pp |
| EPS (Diluted) | $-0.53 | $-0.28 | $-0.49 | -89.3% | -8.2% |
| Free Cash Flow | -$16M | $56M | $8M | -127.8% | -301.6% |
| Item | Amount |
|---|---|
| REVENUE | $629M |
| Cost of Revenue | $197M |
| GROSS PROFIT | $433M |
| R&D Expenses | $70M |
| Selling & Marketing | $217M |
| General & Administrative | $113M |
| SG&A Expenses | $330M |
| Other Expenses | $154M |
| Operating Expenses | $553M |
| Cost & Expenses | $750M |
| OPERATING INCOME | -$121M |
| Interest Income | $13M |
| Interest Expense | $6M |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | -$18M |
| Net Income from Continuing Ops | -$93M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$93M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$93M |
| D&A | $46M |
| EBIT | -$55M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $90M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | -$27M |
| Other Non-Cash Items | $61M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | $16M |
| Capital Expenditure | -$32M |
| Acquisitions (Net) | -$65M |
| Purchases of Investments | -$27M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$123M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $769.0K |
| NET CASH FROM FINANCING | $769.0K |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$105M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.2B |
| Short-Term Investments | $0 |
| Net Receivables | $243M |
| Inventory | $38M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $57M |
| Goodwill | $283M |
| Intangible Assets | $1.4B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $109M |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $3.4B |
| Account Payables | $52M |
| Short-Term Debt | $551M |
| Deferred Revenue | $74M |
| Other Current Liabilities | $107M |
| TOTAL CURRENT LIABILITIES | $952M |
| Long-Term Debt | $992M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $24M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.0B |
| Common Stock | $175.0K |
| Additional Paid-In Capital | $17.8B |
| Retained Earnings | -$16.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.4B |
| TOTAL LIABILITIES & EQUITY | $3.4B |
| Total Debt | $1.6B |
| Net Debt | $393M |
