| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.5B | $1.6B | $1.5B | -3.8% | -2.3% |
| Op. Income | $16M | $25M | -$17M | -34.4% | 197.5% |
| Gross Margin | 38.2% | 34.7% | 37.8% | 3.4pp | 0.3pp |
| Net Margin | -0.8% | -0.9% | -3.0% | 0.1pp | 2.3pp |
| EPS (Diluted) | $-0.04 | $-0.05 | $-0.17 | 16.0% | 75.3% |
| Free Cash Flow | -$44M | $59M | -$41M | -174.3% | -6.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.5B |
| Cost of Revenue | $923M |
| GROSS PROFIT | $570M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $554M |
| Other Expenses | $0 |
| Operating Expenses | $554M |
| Cost & Expenses | $1.5B |
| OPERATING INCOME | $16M |
| Interest Income | $1M |
| Interest Expense | $33M |
| Other Income/Expenses | -$28M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $495.0K |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $49M |
| EBIT | $18M |
| EBITDA | $67M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $49M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $90M |
| Change in Working Capital | -$152M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$158.0K |
| NET CASH FROM FINANCING | -$334.0K |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $645M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $920M |
| PP&E (Net) | $2.0B |
| Goodwill | $980M |
| Intangible Assets | $1.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $191M |
| TOTAL NON-CURRENT ASSETS | $4.2B |
| TOTAL ASSETS | $5.1B |
| Account Payables | $474M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $208M |
| Other Non-Current Liabilities | $109M |
| TOTAL NON-CURRENT LIABILITIES | $2.9B |
| TOTAL LIABILITIES | $4.0B |
| Common Stock | $279.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$20M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $5.1B |
| Total Debt | $2.9B |
| Net Debt | $2.8B |
