| Metric | FY 2025 | Prior Q | FY 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $896M | — | $852M | — | 5.2% |
| Op. Income | $16M | — | $10M | — | 53.3% |
| Gross Margin | 23.4% | — | 26.2% | — | -2.7pp |
| Net Margin | -5.5% | — | -4.5% | — | -1.0pp |
| EPS (Diluted) | $-11.70 | — | $-8.64 | — | -35.4% |
| Free Cash Flow | -$21M | — | $13M | — | -255.1% |
| Item | Amount |
|---|---|
| REVENUE | $896M |
| Cost of Revenue | $686M |
| GROSS PROFIT | $210M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $218M |
| Other Expenses | -$23M |
| Operating Expenses | $195M |
| Cost & Expenses | $881M |
| OPERATING INCOME | $16M |
| Interest Income | $0 |
| Interest Expense | $45M |
| Other Income/Expenses | -$62M |
| INCOME BEFORE TAX | -$47M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$49M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$49M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $34M |
| EBIT | $16M |
| EBITDA | $50M |
| EPS | -$12 |
| EPS Diluted | -$12 |
| Item | Amount |
|---|---|
| Net Income | -$49M |
| Depreciation & Amortization | $34M |
| Stock-Based Compensation | $795.0K |
| Deferred Income Tax | -$15.0K |
| Other Non-Cash Items | $34M |
| Change in Working Capital | -$31M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $228.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$62M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $189M |
| Inventory | $41M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $266M |
| PP&E (Net) | $160M |
| Goodwill | $0 |
| Intangible Assets | $38M |
| Long-Term Investments | $1M |
| Tax Assets | $2M |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $219M |
| TOTAL ASSETS | $485M |
| Account Payables | $42M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $286M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $338M |
| TOTAL LIABILITIES | $458M |
| Common Stock | $1M |
| Additional Paid-In Capital | $476M |
| Retained Earnings | -$465M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $485M |
| Total Debt | $350M |
| Net Debt | $331M |
