| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $38M | $41M | 33.7% | 22.8% |
| Op. Income | $23M | $18M | $12M | 28.0% | 94.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 46.2% | 49.6% | 33.3% | -3.3pp | 12.9pp |
| EPS (Diluted) | $0.27 | $0.24 | $0.17 | 12.5% | 58.8% |
| Free Cash Flow | -$21M | -$20M | -$26M | -5.9% | 19.1% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $51M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $23M |
| Interest Income | $955.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $966.0K |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $385.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $51M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $28M |
| OPERATING INCOME | $23M |
| Interest Income | $955.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $966.0K |
| INCOME BEFORE TAX | $24M |
| Income Tax Expense | $62.0K |
| Net Income from Continuing Ops | $24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $24M |
| D&A | $385.0K |
| EBIT | $23M |
| EBITDA | $23M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $24M |
| Depreciation & Amortization | $385.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $627.0K |
| Change in Working Capital | -$48M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$119.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $51M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $32M |
| Net Receivables | $2M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $87M |
| PP&E (Net) | $9M |
| Goodwill | $949.0K |
| Intangible Assets | $547.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $98M |
| Account Payables | $276.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $73M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $693M |
| Retained Earnings | -$668M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $98M |
| Total Debt | $8M |
| Net Debt | -$39M |
