Revenue: $1.528 billion, down 7.51% YoY and 3.17% QoQ.
Gross Profit: $495 million, with a gross margin of 32.4%. This marks a significant decrease of 12.54% YoY.
Operating Income: $70 million, reflecting an improvement of 66.67% QoQ, driven by better management of costs despite top-line pressure.
Net Income: Loss of $1.205 billion, a massive decline compared to prior periods, driven by increased interest and tax expenses.
EPS: -$9.72, illustrating a substantial YoY decline of 3,451.72%.
Management characterized this period as a reset, acknowledging that a return to positive earnings would take more time, necessitating their focus on structural changes.