| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $283M | $346M | $272M | -18.3% | 4.0% |
| Op. Income | -$12M | -$5M | -$19M | -148.0% | 37.7% |
| Gross Margin | 17.2% | 17.1% | 18.0% | 0.1pp | -0.8pp |
| Net Margin | -3.4% | -1.2% | -4.9% | -2.2pp | 1.4pp |
| EPS (Diluted) | $-0.06 | $-0.03 | $-0.08 | -127.8% | 26.8% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $283M |
| Cost of Revenue | $234M |
| GROSS PROFIT | $49M |
| R&D Expenses | $6M |
| Selling & Marketing | $20M |
| General & Administrative | $21M |
| SG&A Expenses | $41M |
| Other Expenses | $14M |
| Operating Expenses | $60M |
| Cost & Expenses | $295M |
| OPERATING INCOME | -$12M |
| Interest Income | $2M |
| Interest Expense | $343.4K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $36.1K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| 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 | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $166M |
| Short-Term Investments | $80M |
| Net Receivables | $442M |
| Inventory | $106M |
| Other Current Assets | $43M |
| TOTAL CURRENT ASSETS | $837M |
| PP&E (Net) | $50M |
| Goodwill | $5M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $895M |
| Account Payables | $338M |
| Short-Term Debt | $24M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $69.6K |
| TOTAL CURRENT LIABILITIES | $427M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $451M |
| Common Stock | $584 |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$766M |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $444M |
| Minority Interest | $0 |
| TOTAL EQUITY | $444M |
| TOTAL LIABILITIES & EQUITY | $895M |
| Total Debt | $54M |
| Net Debt | -$112M |
