| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $50M | $50M | $47M | -0.1% | 6.3% |
| Op. Income | $30M | $30M | $29M | 0.3% | 5.6% |
| Gross Margin | 64.3% | 60.1% | 63.3% | 4.3pp | 1.0pp |
| Net Margin | 58.4% | 59.0% | 59.4% | -0.6pp | -1.0pp |
| EPS (Diluted) | $0.52 | $0.53 | $0.50 | -1.9% | 4.0% |
| Free Cash Flow | $15M | $56M | $26M | -72.6% | -40.1% |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $30M |
| Interest Income | $52M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $830.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $30M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $50M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $32M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $20M |
| OPERATING INCOME | $30M |
| Interest Income | $52M |
| Interest Expense | $18M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $830.0K |
| Net Income from Continuing Ops | $29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $29M |
| D&A | $0 |
| EBIT | $30M |
| EBITDA | $30M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $29M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$67M |
| Sales/Maturities of Investments | $133M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | -$48M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$72M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.8B |
| TOTAL NON-CURRENT ASSETS | $1.8B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $32M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $930M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $946M |
| TOTAL LIABILITIES | $978M |
| Common Stock | $508.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$148M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $917M |
| Minority Interest | $0 |
| TOTAL EQUITY | $917M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $930M |
| Net Debt | $901M |
