| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $70M | $84M | $107M | -16.5% | -34.5% |
| Op. Income | -$1M | $21M | $30M | -105.2% | -103.5% |
| Gross Margin | 25.7% | 44.2% | 46.0% | -18.5pp | -20.3pp |
| Net Margin | -9.2% | 14.9% | 19.1% | -24.2pp | -28.4pp |
| EPS (Diluted) | $-0.07 | $0.12 | $0.20 | -158.3% | -135.0% |
| Free Cash Flow | -$13M | $30M | $42M | -143.9% | -131.9% |
| Item | Amount |
|---|---|
| REVENUE | $70M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $18M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $4M |
| Operating Expenses | $19M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $18M |
| EBIT | -$2M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$141M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$143M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$156M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $57M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $371M |
| Goodwill | $41M |
| Intangible Assets | $49M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $463M |
| TOTAL ASSETS | $563M |
| Account Payables | $23M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $536.0K |
| Deferred Tax Liabilities | $48M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $147M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $149M |
| Retained Earnings | $326M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $415M |
| Minority Interest | -$47.0K |
| TOTAL EQUITY | $415M |
| TOTAL LIABILITIES & EQUITY | $563M |
| Total Debt | $55M |
| Net Debt | $20M |
