| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $623M | $630M | $249M | -1.2% | 149.9% |
| Op. Income | -$460M | -$911M | -$383M | 49.4% | -20.3% |
| Gross Margin | -35.2% | -79.1% | -58.7% | 44.0pp | 23.5pp |
| Net Margin | -108.4% | -185.3% | -225.6% | 77.0pp | 117.2pp |
| EPS (Diluted) | $-0.29 | $-0.50 | $-0.24 | 42.2% | -20.0% |
| Free Cash Flow | -$715M | -$195M | -$657M | -267.3% | -8.8% |
| Item | Amount |
|---|---|
| REVENUE | $623M |
| Cost of Revenue | $842M |
| GROSS PROFIT | -$219M |
| R&D Expenses | $77M |
| Selling & Marketing | $60M |
| General & Administrative | $83M |
| SG&A Expenses | $143M |
| Other Expenses | $21M |
| Operating Expenses | $241M |
| Cost & Expenses | $1.1B |
| OPERATING INCOME | -$460M |
| Interest Income | $976.6K |
| Interest Expense | $193M |
| Other Income/Expenses | -$215M |
| INCOME BEFORE TAX | -$676M |
| Income Tax Expense | -$181.3K |
| Net Income from Continuing Ops | -$676M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$675M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$675M |
| D&A | $106M |
| EBIT | -$483M |
| EBITDA | -$377M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$676M |
| Depreciation & Amortization | $106M |
| Stock-Based Compensation | -$519.4K |
| Deferred Income Tax | -$181.3K |
| Other Non-Cash Items | $293M |
| Change in Working Capital | -$299M |
| OPERATING CASH FLOW | -$576M |
| Capital Expenditure | -$139M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$184M |
| Net Debt Issuance | $497M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $191M |
| NET CASH FROM FINANCING | $688M |
| FREE CASH FLOW | -$715M |
| Net Change in Cash | -$82M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $80M |
| Net Receivables | $755M |
| Inventory | $1.3B |
| Other Current Assets | $30M |
| TOTAL CURRENT ASSETS | $2.6B |
| PP&E (Net) | $3.2B |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $81M |
| Tax Assets | $0 |
| Other Non-Current Assets | $167M |
| TOTAL NON-CURRENT ASSETS | $3.4B |
| TOTAL ASSETS | $6.0B |
| Account Payables | $761M |
| Short-Term Debt | $1.3B |
| Deferred Revenue | $72M |
| Other Current Liabilities | $1.2B |
| TOTAL CURRENT LIABILITIES | $6.8B |
| Long-Term Debt | $1.0B |
| Deferred Revenue NC | $111M |
| Deferred Tax Liabilities | $36M |
| Other Non-Current Liabilities | $1.7B |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $9.8B |
| Common Stock | $377M |
| Additional Paid-In Capital | $3.8B |
| Retained Earnings | -$10.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6.8B |
| Minority Interest | $3.0B |
| TOTAL EQUITY | -$3.7B |
| TOTAL LIABILITIES & EQUITY | $6.0B |
| Total Debt | $2.5B |
| Net Debt | $2.4B |
