| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $29M | $29M | 2.7% | 2.5% |
| Op. Income | $8M | $8M | $9M | -3.3% | -9.0% |
| Gross Margin | 79.7% | 81.3% | 45.3% | -1.5pp | 34.5pp |
| Net Margin | 5.3% | 6.3% | 12.5% | -1.0pp | -7.2pp |
| EPS (Diluted) | $0.03 | $0.04 | $0.11 | -25.2% | -71.6% |
| Free Cash Flow | $10M | $11M | $8M | -7.4% | 29.2% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $11M |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $8M |
| Interest Income | $3.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $833.0K |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $24M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $11M |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | $8M |
| Interest Income | $3.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $833.0K |
| D&A | $11M |
| EBIT | $8M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$639.0K |
| Change in Working Capital | -$541.0K |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$13M |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$419.0K |
| Common Dividends Paid | -$13M |
| Other Financing Activities | -$253.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $917M |
| TOTAL NON-CURRENT ASSETS | $921M |
| TOTAL ASSETS | $985M |
| Account Payables | $0 |
| Short-Term Debt | $222M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $240M |
| Long-Term Debt | $274M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $284M |
| TOTAL LIABILITIES | $524M |
| Common Stock | $283.0K |
| Additional Paid-In Capital | $707M |
| Retained Earnings | $87M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$333M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $461M |
| Minority Interest | $0 |
| TOTAL EQUITY | $461M |
| TOTAL LIABILITIES & EQUITY | $985M |
| Total Debt | $500M |
| Net Debt | $498M |
