| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $119M | $83M | -26.4% | 5.1% |
| Op. Income | $29M | $62M | $22M | -53.8% | 28.7% |
| Gross Margin | 83.4% | 87.9% | 71.6% | -4.5pp | 11.7pp |
| Net Margin | 13.5% | 30.2% | 1.1% | -16.8pp | 12.4pp |
| EPS (Diluted) | $0.10 | $0.32 | $0.01 | -68.8% | 900.0% |
| Free Cash Flow | $57M | $95M | $58M | -40.0% | -1.8% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $73M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $15M |
| EBIT | $25M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $73M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | $0 |
| Operating Expenses | $44M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $29M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$15M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $15M |
| EBIT | $25M |
| EBITDA | $39M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $705.0K |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | $57M |
| Capital Expenditure | -$228.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | -$23M |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $186.0K |
| NET CASH FROM FINANCING | -$46M |
| FREE CASH FLOW | $57M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $32M |
| Net Receivables | $136M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $263M |
| PP&E (Net) | $15M |
| Goodwill | $314M |
| Intangible Assets | $292M |
| Long-Term Investments | $53M |
| Tax Assets | $35M |
| Other Non-Current Assets | $115M |
| TOTAL NON-CURRENT ASSETS | $824M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $5M |
| Short-Term Debt | $21M |
| Deferred Revenue | $49M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $438M |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $100M |
| TOTAL NON-CURRENT LIABILITIES | $608M |
| TOTAL LIABILITIES | $698M |
| Common Stock | $126.0K |
| Additional Paid-In Capital | $657M |
| Retained Earnings | $9M |
| Treasury Stock | -$277M |
| Accum. Other Comp. Income | $43.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $389M |
| Minority Interest | $0 |
| TOTAL EQUITY | $389M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $469M |
| Net Debt | $385M |
