| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $201M | $193M | 1.0% | 5.4% |
| Op. Income | $288M | -$20M | $251M | 1543.2% | 14.9% |
| Gross Margin | 93.1% | 93.9% | 96.0% | -0.8pp | -2.9pp |
| Net Margin | 82.3% | -72.8% | 67.1% | 155.1pp | 15.2pp |
| EPS (Diluted) | $1.77 | $-2.06 | $1.38 | 185.9% | 28.3% |
| Free Cash Flow | $49M | $38M | $57M | 28.6% | -14.8% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $189M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$85M |
| OPERATING INCOME | $288M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$119M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | -$21M |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $951.0K |
| EBIT | $288M |
| EBITDA | $289M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $189M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $0 |
| Operating Expenses | $0 |
| Cost & Expenses | -$85M |
| OPERATING INCOME | $288M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$119M |
| INCOME BEFORE TAX | $169M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $167M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $167M |
| Net Income Deductions | -$21M |
| BOTTOM LINE NET INCOME | $167M |
| D&A | $951.0K |
| EBIT | $288M |
| EBITDA | $289M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $167M |
| Depreciation & Amortization | $951.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$112M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$150M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$55M |
| NET CASH FROM INVESTING | -$175M |
| Net Debt Issuance | $348M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $296M |
| FREE CASH FLOW | $49M |
| Net Change in Cash | $169M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $253M |
| Short-Term Investments | $0 |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | -$337M |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $13.2B |
| Account Payables | $0 |
| Short-Term Debt | $3.4B |
| Deferred Revenue | $0 |
| Other Current Liabilities | $164M |
| TOTAL CURRENT LIABILITIES | $3.5B |
| Long-Term Debt | $7.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$7.0B |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $10.6B |
| Common Stock | $810.0K |
| Additional Paid-In Capital | $3.5B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $158M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.6B |
| TOTAL LIABILITIES & EQUITY | $13.2B |
| Total Debt | $10.4B |
| Net Debt | $10.1B |
