| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $182M | $145M | -2.3% | 22.7% |
| Op. Income | $22M | $38M | $49M | -43.1% | -56.2% |
| Gross Margin | 54.8% | 54.0% | 63.1% | 0.7pp | -8.4pp |
| Net Margin | 1.4% | 6.9% | 19.1% | -5.5pp | -17.8pp |
| EPS (Diluted) | $0.07 | $0.35 | $0.71 | -79.0% | -89.6% |
| Free Cash Flow | $55M | $84M | $61M | -35.1% | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | -$786.0K |
| Operating Expenses | $76M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $22M |
| Interest Income | $2M |
| Interest Expense | $21M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $705.0K |
| 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 | $2M |
| D&A | $57M |
| EBIT | $24M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $97M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | -$786.0K |
| Operating Expenses | $76M |
| Cost & Expenses | $156M |
| OPERATING INCOME | $22M |
| Interest Income | $2M |
| Interest Expense | $21M |
| Other Income/Expenses | -$19M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $705.0K |
| 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 | $2M |
| D&A | $57M |
| EBIT | $24M |
| EBITDA | $80M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $57M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | -$539.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $55M |
| Capital Expenditure | -$798.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$26M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$16M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | -$25M |
| FREE CASH FLOW | $55M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $96M |
| Short-Term Investments | $102M |
| Net Receivables | $229M |
| Inventory | $37M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $528M |
| PP&E (Net) | $19M |
| Goodwill | $151M |
| Intangible Assets | $836M |
| Long-Term Investments | $0 |
| Tax Assets | $92M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $18M |
| Short-Term Debt | $65M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $487M |
| Long-Term Debt | $773M |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $122M |
| TOTAL NON-CURRENT LIABILITIES | $910M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $593M |
| Retained Earnings | -$162M |
| Treasury Stock | -$198M |
| Accum. Other Comp. Income | $241.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $234M |
| Minority Interest | $0 |
| TOTAL EQUITY | $234M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $844M |
| Net Debt | $748M |
