| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $232M | — | $365M | — | -36.5% |
| Op. Income | $74M | — | $140M | — | -47.0% |
| Gross Margin | 29.9% | — | 39.9% | — | -10.0pp |
| Net Margin | 32.8% | — | 15.0% | — | 17.9pp |
| EPS (Diluted) | $0.91 | — | $0.57 | — | 59.6% |
| Free Cash Flow | $57M | — | $130M | — | -55.9% |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$15M |
| Operating Expenses | -$5M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $74M |
| Interest Income | $6M |
| Interest Expense | $773.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$470.0K |
| 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 | $18M |
| EBIT | $36M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $232M |
| Cost of Revenue | $162M |
| GROSS PROFIT | $69M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$15M |
| Operating Expenses | -$5M |
| Cost & Expenses | $157M |
| OPERATING INCOME | $74M |
| Interest Income | $6M |
| Interest Expense | $773.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | -$470.0K |
| 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 | $18M |
| EBIT | $36M |
| EBITDA | $54M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $76M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$38M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $58M |
| Capital Expenditure | -$306.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$2M |
| Sales/Maturities of Investments | $121M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $112M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$803.0K |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $675M |
| Short-Term Investments | $20M |
| Net Receivables | $92M |
| Inventory | $38M |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $944M |
| PP&E (Net) | $984M |
| Goodwill | $2M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $88M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $2.0B |
| Account Payables | $91M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $117M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $56M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $199M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.8B |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.0B |
| Total Debt | $46M |
| Net Debt | -$630M |
