| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $118M | $82M | -2.3% | 40.2% |
| Op. Income | $35M | $38M | $22M | -9.0% | 59.9% |
| Gross Margin | 53.2% | 53.9% | 47.8% | -0.7pp | 5.5pp |
| Net Margin | 23.4% | 95.2% | 21.7% | -71.8pp | 1.7pp |
| EPS (Diluted) | $0.11 | $0.46 | $0.08 | -76.1% | 46.1% |
| Free Cash Flow | -$24M | $47M | -$5M | -151.4% | -434.0% |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $61M |
| R&D Expenses | $826.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $1M |
| Operating Expenses | $26M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $35M |
| Interest Income | $608.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $2M |
| EBIT | $35M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $61M |
| R&D Expenses | $826.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $1M |
| Operating Expenses | $26M |
| Cost & Expenses | $80M |
| OPERATING INCOME | $35M |
| Interest Income | $608.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $33M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $2M |
| EBIT | $35M |
| EBITDA | $37M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19.0K |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $101.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $72M |
| Short-Term Investments | $0 |
| Net Receivables | $99M |
| Inventory | $172M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $352M |
| PP&E (Net) | $66M |
| Goodwill | $4M |
| Intangible Assets | $452.0K |
| Long-Term Investments | $0 |
| Tax Assets | $81M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $511M |
| Account Payables | $21M |
| Short-Term Debt | $0 |
| Deferred Revenue | $143.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $24.0K |
| Additional Paid-In Capital | $655M |
| Retained Earnings | -$282M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $373M |
| Minority Interest | $0 |
| TOTAL EQUITY | $373M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $82M |
| Net Debt | $10M |
