Revenue

Increased from $48.68M in Q1 2024 to $60.81M in Q1 2025 (+25%)

Revenue improved significantly due to strong market demand and potential pricing or volume enhancements relative to Q1 2024, reflecting a robust top-line growth compared to the previous period. " "

Net Income

Declined from a profit of $16.49M in Q1 2024 to a loss of ($22.65M) in Q1 2025

Net Income reversed sharply due to escalating costs or operational challenges that outweighed the revenue gains, marking a stark contrast with the prior period’s profitability. " "

Operating Income

Deteriorated slightly from ($32.43M) in Q1 2024 to ($34.78M) in Q1 2025

Operating margins further compressed despite revenue growth, suggesting that increased operating expenses or margin pressures in Q1 2025 negatively impacted operational performance compared to Q1 2024. " "

Basic and Diluted EPS

Fell from $0.09 in Q1 2024 to ($0.14) in Q1 2025

EPS declined drastically as the profit swing to a net loss and increased dilution pressures directly hit earnings per share, underscoring the adverse shift from the previous period’s performance. " "

Net Cash Provided by Operating Activities

Turned from positive in Q1 2024 to negative at ($63.20M) in Q1 2025

Operating cash flow deteriorated sharply, likely due to increased cash outflows such as higher interest payments and working capital needs, marking a significant operational liquidity challenge relative to Q1 2024. "

Cash and Cash Equivalents

Dropped from $282.44M in Q4 2024 to $198.34M in Q1 2025

Liquidity weakened notably, reflecting the impact of cash used in addressing operational deficiencies and other outflows, even though total assets remained stable at $2.368B, indicating a shift in the cash composition since the previous period. "