| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $273M | $268M | $261M | 2.0% | 4.4% |
| Op. Income | $115M | $124M | $118M | -7.4% | -2.7% |
| Gross Margin | 69.6% | 71.7% | 51.1% | -2.1pp | 18.5pp |
| Net Margin | 32.7% | 38.1% | 36.2% | -5.4pp | -3.5pp |
| EPS (Diluted) | $0.39 | $0.45 | $0.42 | -13.3% | -7.1% |
| Free Cash Flow | $146M | $165M | $150M | -11.1% | -2.6% |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $59M |
| Operating Expenses | $75M |
| Cost & Expenses | $158M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $60M |
| EBIT | $115M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $273M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $59M |
| Operating Expenses | $75M |
| Cost & Expenses | $158M |
| OPERATING INCOME | $115M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | $89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $89M |
| D&A | $60M |
| EBIT | $115M |
| EBITDA | $175M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $89M |
| Depreciation & Amortization | $60M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $185.0K |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | $146M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$451M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | -$467M |
| Net Debt Issuance | $382M |
| Common Stock Repurchased | -$167.0K |
| Common Dividends Paid | -$119M |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $259M |
| FREE CASH FLOW | $146M |
| Net Change in Cash | -$62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $0 |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $124M |
| PP&E (Net) | $49M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $76M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6.5B |
| TOTAL NON-CURRENT ASSETS | $6.6B |
| TOTAL ASSETS | $6.7B |
| Account Payables | $220M |
| Short-Term Debt | $382M |
| Deferred Revenue | $42M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $765M |
| Long-Term Debt | $3.0B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3.1B |
| TOTAL LIABILITIES | $3.8B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$310.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $79M |
| TOTAL EQUITY | $2.9B |
| TOTAL LIABILITIES & EQUITY | $6.7B |
| Total Debt | $3.4B |
| Net Debt | $3.4B |
