| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $120M | — | $106M | — | 13.4% |
| Op. Income | $32M | — | $23M | — | 39.3% |
| Gross Margin | 48.7% | — | 44.9% | — | 3.8pp |
| Net Margin | 16.8% | — | 13.8% | — | 3.0pp |
| EPS (Diluted) | $0.54 | — | $0.37 | — | 45.9% |
| Free Cash Flow | -$51M | — | -$43M | — | -19.9% |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $4M |
| Operating Expenses | $27M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $32M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $120M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $58M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $22M |
| SG&A Expenses | $22M |
| Other Expenses | $4M |
| Operating Expenses | $27M |
| Cost & Expenses | $88M |
| OPERATING INCOME | $32M |
| Interest Income | $1M |
| Interest Expense | $5M |
| Other Income/Expenses | $200.0K |
| INCOME BEFORE TAX | $32M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $20M |
| D&A | $4M |
| EBIT | $37M |
| EBITDA | $41M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $20M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $600.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$79M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $80M |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | -$400.0K |
| Other Financing Activities | -$200.0K |
| NET CASH FROM FINANCING | $62M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $120M |
| Short-Term Investments | $0 |
| Net Receivables | $132M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $85M |
| Goodwill | $20M |
| Intangible Assets | $0 |
| Long-Term Investments | $176M |
| Tax Assets | $0 |
| Other Non-Current Assets | $141M |
| TOTAL NON-CURRENT ASSETS | $422M |
| TOTAL ASSETS | $677M |
| Account Payables | $27M |
| Short-Term Debt | $80M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $176M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $76M |
| TOTAL NON-CURRENT LIABILITIES | $409M |
| TOTAL LIABILITIES | $585M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $25M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $71M |
| TOTAL EQUITY | $93M |
| TOTAL LIABILITIES & EQUITY | $677M |
| Total Debt | $420M |
| Net Debt | $300M |
