| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $356M | $383M | $263M | -7.0% | 35.2% |
| Op. Income | $32M | $55M | -$29M | -41.8% | 209.7% |
| Gross Margin | 47.2% | 51.8% | 43.9% | -4.6pp | 3.4pp |
| Net Margin | 8.3% | 16.2% | -6.1% | -7.9pp | 14.5pp |
| EPS (Diluted) | $0.22 | $0.46 | $-0.12 | -52.2% | 283.3% |
| Free Cash Flow | $34M | $159M | $42M | -78.8% | -19.2% |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $168M |
| R&D Expenses | $50M |
| Selling & Marketing | $49M |
| General & Administrative | $34M |
| SG&A Expenses | $83M |
| Other Expenses | $3M |
| Operating Expenses | $136M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $32M |
| Interest Income | $17M |
| Interest Expense | $2M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$605.0K |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $20M |
| EBIT | $49M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $356M |
| Cost of Revenue | $188M |
| GROSS PROFIT | $168M |
| R&D Expenses | $50M |
| Selling & Marketing | $49M |
| General & Administrative | $34M |
| SG&A Expenses | $83M |
| Other Expenses | $3M |
| Operating Expenses | $136M |
| Cost & Expenses | $324M |
| OPERATING INCOME | $32M |
| Interest Income | $17M |
| Interest Expense | $2M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $17M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | -$605.0K |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $20M |
| EBIT | $49M |
| EBITDA | $69M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $56M |
| Deferred Income Tax | $9M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$70M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$201M |
| Sales/Maturities of Investments | $335M |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | -$102M |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$214M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $350M |
| Short-Term Investments | $1.1B |
| Net Receivables | $226M |
| Inventory | $144M |
| Other Current Assets | $361M |
| TOTAL CURRENT ASSETS | $2.2B |
| PP&E (Net) | $142M |
| Goodwill | $212M |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $305M |
| Other Non-Current Assets | $211M |
| TOTAL NON-CURRENT ASSETS | $909M |
| TOTAL ASSETS | $3.1B |
| Account Payables | $115M |
| Short-Term Debt | $631M |
| Deferred Revenue | $168M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $571M |
| Deferred Revenue NC | $334M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $205M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $2.3B |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$316M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $811M |
| Minority Interest | $0 |
| TOTAL EQUITY | $811M |
| TOTAL LIABILITIES & EQUITY | $3.1B |
| Total Debt | $1.2B |
| Net Debt | $885M |
