| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $214M | $229M | $193M | -6.6% | 11.1% |
| Op. Income | -$13M | -$10M | -$10M | -32.8% | -29.0% |
| Gross Margin | 13.6% | 16.6% | 19.4% | -3.0pp | -5.8pp |
| Net Margin | -12.7% | -10.7% | -12.3% | -2.0pp | -0.4pp |
| EPS (Diluted) | $-0.29 | $-0.26 | $-0.27 | -11.5% | -7.4% |
| Free Cash Flow | -$63M | -$15M | -$61M | -311.3% | -4.0% |
| Item | Amount |
|---|---|
| REVENUE | $214M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $2M |
| Operating Expenses | $42M |
| Cost & Expenses | $227M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $13M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $12M |
| EBIT | -$14M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$894.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$41M |
| Acquisitions (Net) | $500.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6.0K |
| NET CASH FROM INVESTING | -$41M |
| Net Debt Issuance | $46M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $28M |
| NET CASH FROM FINANCING | $72M |
| FREE CASH FLOW | -$63M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $33M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $187M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $364M |
| PP&E (Net) | $539M |
| Goodwill | $116M |
| Intangible Assets | $113M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $775M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $67M |
| Short-Term Debt | $74M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $108M |
| TOTAL CURRENT LIABILITIES | $309M |
| Long-Term Debt | $406M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $484M |
| TOTAL LIABILITIES | $794M |
| Common Stock | $946.0K |
| Additional Paid-In Capital | $522M |
| Retained Earnings | -$470M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $345M |
| Minority Interest | $0 |
| TOTAL EQUITY | $345M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $540M |
| Net Debt | $507M |
