| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $193M | $252M | $252M | -23.7% | -23.7% |
| Op. Income | $29M | $55M | $57M | -46.5% | -48.4% |
| Gross Margin | 46.1% | 46.0% | 46.0% | 0.1pp | 0.1pp |
| Net Margin | 14.8% | 19.8% | 20.4% | -4.9pp | -5.6pp |
| EPS (Diluted) | $0.88 | $1.54 | $1.57 | -42.9% | -43.9% |
| Free Cash Flow | $35M | $8M | $41M | 328.9% | -14.2% |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $89M |
| R&D Expenses | $27M |
| Selling & Marketing | $15M |
| General & Administrative | $17M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $29M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $4M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $193M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $89M |
| R&D Expenses | $27M |
| Selling & Marketing | $15M |
| General & Administrative | $17M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $60M |
| Cost & Expenses | $163M |
| OPERATING INCOME | $29M |
| Interest Income | $6M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $4M |
| EBIT | $34M |
| EBITDA | $39M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$625.0K |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $40M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$252M |
| Sales/Maturities of Investments | $298M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $40M |
| Net Debt Issuance | -$349.0K |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $35M |
| Net Change in Cash | $60M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $403M |
| Net Receivables | $165M |
| Inventory | $296M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $101M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $69M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $227M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $110M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $200M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $29M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $313M |
| Common Stock | $32.0K |
| Additional Paid-In Capital | $547M |
| Retained Earnings | $486M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $43M |
| Net Debt | -$141M |
