| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $35M | $41M | $50M | -13.4% | -29.5% |
| Op. Income | $15M | $22M | $30M | -31.6% | -51.1% |
| Gross Margin | 47.3% | 58.0% | 64.3% | -10.7pp | -17.1pp |
| Net Margin | 39.8% | 52.4% | 58.4% | -12.6pp | -18.6pp |
| EPS (Diluted) | $0.25 | $0.38 | $0.52 | -34.2% | -51.9% |
| Free Cash Flow | $146M | $18M | $15M | 693.1% | 852.8% |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $15M |
| Interest Income | $47M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $676.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $35M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $21M |
| OPERATING INCOME | $15M |
| Interest Income | $47M |
| Interest Expense | $19M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $15M |
| Income Tax Expense | $676.0K |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $14M |
| D&A | $0 |
| EBIT | $15M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $14M |
| Depreciation & Amortization | $721.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $121M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$316M |
| Sales/Maturities of Investments | $395M |
| Other Investing Activities | -$79M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $73M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$23M |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $49M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | $194M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $183M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $306.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2.4B |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $51M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $51M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $729.0K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$168M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | -$2M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.2B |
| Net Debt | $1.1B |
