| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $151M | $37M | -12.2% | 260.3% |
| Op. Income | $11M | $13M | -$48M | -21.4% | 121.9% |
| Gross Margin | 50.7% | 46.9% | 45.8% | 3.8pp | 4.9pp |
| Net Margin | 82.6% | -44.3% | -593.5% | 126.9pp | 676.1pp |
| EPS (Diluted) | $0.35 | $-0.22 | $-0.82 | 259.1% | 142.7% |
| Free Cash Flow | -$11M | -$70M | -$80M | 84.6% | 86.5% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $67M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$41.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $11M |
| Interest Income | $126M |
| Interest Expense | $36M |
| Other Income/Expenses | $83M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $8M |
| EBIT | $129M |
| EBITDA | $137M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $65M |
| GROSS PROFIT | $67M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $19M |
| SG&A Expenses | $19M |
| Other Expenses | -$41.0K |
| Operating Expenses | $57M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $11M |
| Interest Income | $126M |
| Interest Expense | $36M |
| Other Income/Expenses | $83M |
| INCOME BEFORE TAX | $93M |
| Income Tax Expense | -$16M |
| Net Income from Continuing Ops | $110M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $110M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $110M |
| D&A | $8M |
| EBIT | $129M |
| EBITDA | $137M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $110M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$16M |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $13M |
| Capital Expenditure | -$23M |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$183.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $229M |
| Inventory | $142M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $459M |
| PP&E (Net) | $423M |
| Goodwill | $11M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $315M |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $787M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $68M |
| Short-Term Debt | $33M |
| Deferred Revenue | $87M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $266M |
| Long-Term Debt | $1.1B |
| Deferred Revenue NC | $12M |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $85M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$2.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$302M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$302M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $1.2B |
| Net Debt | $1.2B |
