| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $738M | $676M | $774M | 9.2% | -4.7% |
| Op. Income | -$61M | $48M | $41M | -227.1% | -248.8% |
| Gross Margin | 13.4% | 17.3% | 15.5% | -3.9pp | -2.1pp |
| Net Margin | -15.0% | -4.4% | -1.2% | -10.6pp | -13.9pp |
| EPS (Diluted) | $-0.70 | $-0.19 | $-0.06 | -268.4% | -1123.8% |
| Free Cash Flow | -$142M | -$35M | -$105M | -305.7% | -35.2% |
| Item | Amount |
|---|---|
| REVENUE | $738M |
| Cost of Revenue | $639M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $74M |
| Other Expenses | $86M |
| Operating Expenses | $160M |
| Cost & Expenses | $799M |
| OPERATING INCOME | -$61M |
| Interest Income | $2M |
| Interest Expense | $42M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | -$106M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $71M |
| EBIT | -$64M |
| EBITDA | $7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $76M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $95M |
| Change in Working Capital | -$101M |
| OPERATING CASH FLOW | -$32M |
| Capital Expenditure | -$110M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$95M |
| NET CASH FROM INVESTING | -$95M |
| Net Debt Issuance | $109M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $108M |
| FREE CASH FLOW | -$142M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $138M |
| Short-Term Investments | $0 |
| Net Receivables | $321M |
| Inventory | $1.6B |
| Other Current Assets | $129M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $2.7B |
| Goodwill | $0 |
| Intangible Assets | $243M |
| Long-Term Investments | $0 |
| Tax Assets | $831M |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $3.9B |
| TOTAL ASSETS | $6.1B |
| Account Payables | $478M |
| Short-Term Debt | $221M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $113M |
| TOTAL CURRENT LIABILITIES | $961M |
| Long-Term Debt | $2.8B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $181M |
| Other Non-Current Liabilities | $362M |
| TOTAL NON-CURRENT LIABILITIES | $3.4B |
| TOTAL LIABILITIES | $4.4B |
| Common Stock | $2M |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | $425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$842M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $32M |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $6.1B |
| Total Debt | $3.1B |
| Net Debt | $3.0B |
