| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $533M | $556M | $430M | -4.1% | 23.8% |
| Op. Income | $115M | $112M | $73M | 2.9% | 57.9% |
| Gross Margin | 37.5% | 36.9% | 34.4% | 0.6pp | 3.1pp |
| Net Margin | 14.4% | 12.9% | 10.2% | 1.5pp | 4.2pp |
| EPS (Diluted) | $0.59 | $-1.32 | $0.33 | 144.7% | 78.8% |
| Free Cash Flow | $2M | $39M | $74M | -95.6% | -97.7% |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $4M |
| Operating Expenses | $84M |
| Cost & Expenses | $418M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $5M |
| EBIT | $115M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $533M |
| Cost of Revenue | $333M |
| GROSS PROFIT | $200M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $80M |
| Other Expenses | $4M |
| Operating Expenses | $84M |
| Cost & Expenses | $418M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $14M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | $101M |
| Income Tax Expense | $24M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $5M |
| EBIT | $115M |
| EBITDA | $120M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$12M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$11M |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $50M |
| Short-Term Investments | $0 |
| Net Receivables | $220M |
| Inventory | $349M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $650M |
| PP&E (Net) | $10M |
| Goodwill | $66M |
| Intangible Assets | $138M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $13M |
| TOTAL NON-CURRENT ASSETS | $236M |
| TOTAL ASSETS | $885M |
| Account Payables | $111M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $194M |
| Long-Term Debt | $833M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $400.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $838M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $1M |
| Additional Paid-In Capital | $32M |
| Retained Earnings | $133M |
| Treasury Stock | -$310M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$147M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$147M |
| TOTAL LIABILITIES & EQUITY | $885M |
| Total Debt | $833M |
| Net Debt | $784M |
