| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $199M | $213M | $200M | -6.9% | -0.5% |
| Op. Income | -$6M | $2M | -$6M | -372.2% | 6.0% |
| Gross Margin | 23.8% | 26.9% | 24.4% | -3.1pp | -0.6pp |
| Net Margin | -15.0% | -3.4% | -8.6% | -11.6pp | -6.3pp |
| EPS (Diluted) | $-6.61 | $-1.61 | $-3.89 | -310.6% | -69.9% |
| Free Cash Flow | -$30M | $20M | -$1M | -253.3% | -2560.8% |
| Item | Amount |
|---|---|
| REVENUE | $199M |
| Cost of Revenue | $151M |
| GROSS PROFIT | $47M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $53M |
| Operating Expenses | $53M |
| Cost & Expenses | $205M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $222.0K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $8M |
| EBIT | -$6M |
| EBITDA | $2M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | -$53.0K |
| Deferred Income Tax | -$491.0K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $219M |
| Inventory | $40M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $292M |
| PP&E (Net) | $153M |
| Goodwill | $0 |
| Intangible Assets | $47M |
| Long-Term Investments | $0 |
| Tax Assets | $2M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $223M |
| TOTAL ASSETS | $515M |
| Account Payables | $34M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $350M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $388M |
| TOTAL LIABILITIES | $541M |
| Common Stock | $1M |
| Additional Paid-In Capital | $460M |
| Retained Earnings | -$445M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$42M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$26M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$26M |
| TOTAL LIABILITIES & EQUITY | $515M |
| Total Debt | $399M |
| Net Debt | $382M |
