| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $156M | $203M | 28.7% | -1.1% |
| Op. Income | $48M | $11M | $37M | 342.2% | 31.7% |
| Gross Margin | 56.7% | 50.5% | 53.8% | 6.2pp | 2.9pp |
| Net Margin | 15.4% | 4.0% | 16.4% | 11.4pp | -1.0pp |
| EPS (Diluted) | $1.05 | $0.21 | $1.09 | 400.0% | -3.7% |
| Free Cash Flow | -$51M | $41M | -$40M | -223.5% | -26.9% |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $48M |
| Interest Income | $200.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $16M |
| EBIT | $48M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $114M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $153M |
| OPERATING INCOME | $48M |
| Interest Income | $200.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $42M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $31M |
| D&A | $16M |
| EBIT | $48M |
| EBITDA | $64M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $31M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$500.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$92M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $64M |
| Common Stock Repurchased | -$53M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $16M |
| Short-Term Investments | $0 |
| Net Receivables | $198M |
| Inventory | $0 |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $243M |
| PP&E (Net) | $19M |
| Goodwill | $405M |
| Intangible Assets | $97M |
| Long-Term Investments | $0 |
| Tax Assets | $57M |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $610M |
| TOTAL ASSETS | $853M |
| Account Payables | $38M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $184M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $49M |
| TOTAL NON-CURRENT LIABILITIES | $237M |
| TOTAL LIABILITIES | $433M |
| Common Stock | $400.0K |
| Additional Paid-In Capital | $340M |
| Retained Earnings | $560M |
| Treasury Stock | -$398M |
| Accum. Other Comp. Income | -$81M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $420M |
| Minority Interest | $0 |
| TOTAL EQUITY | $420M |
| TOTAL LIABILITIES & EQUITY | $853M |
| Total Debt | $204M |
| Net Debt | $188M |
