| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $209M | $185M | -1.2% | 11.3% |
| Op. Income | $13M | $9M | $2M | 48.0% | 688.5% |
| Gross Margin | 29.5% | 24.0% | 25.7% | 5.5pp | 3.9pp |
| Net Margin | 4.6% | -1.4% | -1.7% | 6.0pp | 6.3pp |
| EPS (Diluted) | $0.26 | $-0.08 | $-0.09 | 425.0% | 388.9% |
| Free Cash Flow | $19M | $23M | $439.0K | -20.2% | 4122.6% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $61M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $646.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $145M |
| GROSS PROFIT | $61M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $646.0K |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $6M |
| EBIT | $13M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$11M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $194M |
| Inventory | $198M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $432M |
| PP&E (Net) | $114M |
| Goodwill | $58M |
| Intangible Assets | $50M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $230M |
| TOTAL ASSETS | $662M |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $158M |
| Long-Term Debt | $160M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $47M |
| TOTAL NON-CURRENT LIABILITIES | $238M |
| TOTAL LIABILITIES | $395M |
| Common Stock | $381.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $270M |
| TOTAL STOCKHOLDERS' EQUITY | $267M |
| Minority Interest | $0 |
| TOTAL EQUITY | $267M |
| TOTAL LIABILITIES & EQUITY | $662M |
| Total Debt | $196M |
| Net Debt | $171M |
