| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $119M | $91M | 2.9% | 35.4% |
| Op. Income | $14M | $18M | $9M | -20.7% | 59.8% |
| Gross Margin | 32.2% | 36.3% | 32.9% | -4.0pp | -0.7pp |
| Net Margin | 9.3% | 11.4% | 7.7% | -2.1pp | 1.6pp |
| EPS (Diluted) | $0.34 | $0.41 | $0.22 | -17.1% | 54.5% |
| Free Cash Flow | $46M | $61M | $41M | -23.7% | 13.1% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $247.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $401.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $25M |
| Operating Expenses | $25M |
| Cost & Expenses | $108M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $247.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $11M |
| D&A | $401.0K |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $11M |
| Depreciation & Amortization | $401.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$990.0K |
| Other Non-Cash Items | $714.0K |
| Change in Working Capital | $35M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$251M |
| Sales/Maturities of Investments | $105M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$146M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $46M |
| Net Change in Cash | -$99M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $88M |
| Short-Term Investments | $575M |
| Net Receivables | $359M |
| Inventory | $0 |
| Other Current Assets | -$1.2B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.0B |
| Tax Assets | $0 |
| Other Non-Current Assets | -$1.1B |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.8B |
| Account Payables | $43M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$54M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $327.0K |
| Additional Paid-In Capital | $320M |
| Retained Earnings | $74M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $409.0K |
| TOTAL STOCKHOLDERS' EQUITY | $391M |
| Minority Interest | $0 |
| TOTAL EQUITY | $391M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $0 |
| Net Debt | -$88M |
