| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2.3B | $2.4B | $957M | -1.8% | 141.5% |
| Op. Income | -$152M | -$227M | -$241M | 33.1% | 36.7% |
| Gross Margin | 15.6% | 14.4% | 12.9% | 1.1pp | 2.7pp |
| Net Margin | -4.2% | -8.3% | -20.9% | 4.1pp | 16.7pp |
| EPS (Diluted) | $-0.10 | $-0.21 | $-0.21 | 50.4% | 51.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $2.3B |
| Cost of Revenue | $2.0B |
| GROSS PROFIT | $359M |
| R&D Expenses | $289M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $284M |
| Other Expenses | -$62M |
| Operating Expenses | $512M |
| Cost & Expenses | $2.5B |
| OPERATING INCOME | -$152M |
| Interest Income | $42M |
| Interest Expense | $19M |
| Other Income/Expenses | $56M |
| INCOME BEFORE TAX | -$96M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$97M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$97M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$97M |
| D&A | $0 |
| EBIT | -$76M |
| EBITDA | -$76M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$97M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.6B |
| Short-Term Investments | $2.3B |
| Net Receivables | $675M |
| Inventory | $872M |
| Other Current Assets | $1.1B |
| TOTAL CURRENT ASSETS | $7.6B |
| PP&E (Net) | $2.2B |
| Goodwill | $0 |
| Intangible Assets | $1.1B |
| Long-Term Investments | $1.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $949M |
| TOTAL NON-CURRENT ASSETS | $5.4B |
| TOTAL ASSETS | $13.0B |
| Account Payables | $3.9B |
| Short-Term Debt | $896M |
| Deferred Revenue | $171M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $6.3B |
| Long-Term Debt | $854M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $593M |
| TOTAL NON-CURRENT LIABILITIES | $2.2B |
| TOTAL LIABILITIES | $8.5B |
| Common Stock | $18.4K |
| Additional Paid-In Capital | $10.3B |
| Retained Earnings | -$6.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $302M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.5B |
| TOTAL LIABILITIES & EQUITY | $13.0B |
| Total Debt | $2.6B |
| Net Debt | -$8M |
