| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $131M | $147M | -9.8% | -19.4% |
| Op. Income | $49M | $61M | $55M | -19.7% | -11.8% |
| Gross Margin | 29.2% | 50.4% | 40.9% | -21.1pp | -11.6pp |
| Net Margin | 37.2% | 41.8% | 31.9% | -4.6pp | 5.3pp |
| EPS (Diluted) | $0.27 | $0.34 | $0.29 | -20.6% | -6.9% |
| Free Cash Flow | $33M | $53M | $66M | -36.7% | -49.4% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$20M |
| Operating Expenses | -$14M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $49M |
| Interest Income | $793.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $84.0K |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $27M |
| EBIT | $49M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $35M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$20M |
| Operating Expenses | -$14M |
| Cost & Expenses | $70M |
| OPERATING INCOME | $49M |
| Interest Income | $793.0K |
| Interest Expense | $5M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $84.0K |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $27M |
| EBIT | $49M |
| EBITDA | $77M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $27M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$19M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$26M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $42M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$46M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$27M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$74M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $81M |
| Short-Term Investments | $0 |
| Net Receivables | $51M |
| Inventory | $33M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $172M |
| PP&E (Net) | $1.3B |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.5B |
| Account Payables | $20M |
| Short-Term Debt | $79M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $285M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $289M |
| TOTAL LIABILITIES | $397M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$169M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $4M |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $364M |
| Net Debt | $284M |
