| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $313M | $240M | -13.9% | 12.6% |
| Op. Income | -$49M | -$23M | -$47M | -119.1% | -6.0% |
| Gross Margin | 29.8% | 35.8% | 25.0% | -6.0pp | 4.9pp |
| Net Margin | -19.6% | -13.8% | -40.4% | -5.8pp | 20.8pp |
| EPS (Diluted) | $-0.54 | $-0.55 | $-1.35 | 1.8% | 60.1% |
| Free Cash Flow | -$57M | $30M | -$27M | -291.7% | -109.4% |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $189M |
| GROSS PROFIT | $81M |
| R&D Expenses | $141.6K |
| Selling & Marketing | $31M |
| General & Administrative | $60M |
| SG&A Expenses | $91M |
| Other Expenses | $39M |
| Operating Expenses | $130M |
| Cost & Expenses | $319M |
| OPERATING INCOME | -$49M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$53M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$53M |
| D&A | $43M |
| EBIT | -$32M |
| EBITDA | $11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$53M |
| Depreciation & Amortization | $43M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $515.3K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$50M |
| OPERATING CASH FLOW | -$48M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $37.8K |
| Purchases of Investments | -$58M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$67M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $82M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $277M |
| Short-Term Investments | $101M |
| Net Receivables | $140M |
| Inventory | $357M |
| Other Current Assets | $105M |
| TOTAL CURRENT ASSETS | $979M |
| PP&E (Net) | $772M |
| Goodwill | $2.7B |
| Intangible Assets | $1.2B |
| Long-Term Investments | $54M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $4.8B |
| TOTAL ASSETS | $5.7B |
| Account Payables | $137M |
| Short-Term Debt | $54M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $190M |
| TOTAL CURRENT LIABILITIES | $396M |
| Long-Term Debt | $388M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $184M |
| Other Non-Current Liabilities | $133.5K |
| TOTAL NON-CURRENT LIABILITIES | $654M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $118.7K |
| Additional Paid-In Capital | $8.4B |
| Retained Earnings | -$3.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $7M |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $5.7B |
| Total Debt | $524M |
| Net Debt | $247M |
