| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $210M | $229M | — | -8.4% | — |
| Op. Income | $15M | $20M | — | -21.4% | — |
| Gross Margin | 33.3% | 34.0% | — | -0.7pp | — |
| Net Margin | 1.1% | 5.3% | — | -4.2pp | — |
| EPS (Diluted) | $0.05 | $0.29 | — | -81.2% | — |
| Free Cash Flow | -$27M | $2M | — | -1265.2% | — |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $70M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $15M |
| Interest Income | $600.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $210M |
| Cost of Revenue | $140M |
| GROSS PROFIT | $70M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $54M |
| Cost & Expenses | $194M |
| OPERATING INCOME | $15M |
| Interest Income | $600.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $7M |
| EBIT | $15M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $600.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $4M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$100.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $6M |
| Net Receivables | $147M |
| Inventory | $328M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $634M |
| PP&E (Net) | $189M |
| Goodwill | $198M |
| Intangible Assets | $15M |
| Long-Term Investments | $21M |
| Tax Assets | $3M |
| Other Non-Current Assets | $38M |
| TOTAL NON-CURRENT ASSETS | $464M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $79M |
| Short-Term Debt | $1M |
| Deferred Revenue | $12M |
| Other Current Liabilities | $62M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $366M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $444M |
| TOTAL LIABILITIES | $607M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $486M |
| Retained Earnings | -$4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $477M |
| Minority Interest | $14M |
| TOTAL EQUITY | $491M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $401M |
| Net Debt | $282M |
