| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $42M | $46M | $50M | -9.2% | -16.3% |
| Op. Income | $32M | $36M | $39M | -11.0% | -19.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 9.3% | 21.5% | 55.6% | -12.3pp | -46.3pp |
| EPS (Diluted) | $0.11 | $0.27 | $0.76 | -59.3% | -85.5% |
| Free Cash Flow | -$15M | -$3M | $15M | -423.6% | -201.3% |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $501.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | -$32M |
| EBIT | $32M |
| EBITDA | $0 |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $42M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $42M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $10M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $15M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $501.0K |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | -$32M |
| EBIT | $32M |
| EBITDA | $0 |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $621.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$105M |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $27M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $25M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$17M |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $23M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.6B |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $903M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $566.0K |
| TOTAL NON-CURRENT LIABILITIES | $904M |
| TOTAL LIABILITIES | $939M |
| Common Stock | $37.0K |
| Additional Paid-In Capital | $959M |
| Retained Earnings | -$232M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $727M |
| Minority Interest | $0 |
| TOTAL EQUITY | $727M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $903M |
| Net Debt | $891M |
