| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $35M | $50M | 5.0% | -25.6% |
| Op. Income | $8M | $1M | $13M | 564.5% | -39.0% |
| Gross Margin | 54.1% | 45.0% | 44.4% | 9.2pp | 9.7pp |
| Net Margin | 22.5% | -36.3% | 25.3% | 58.8pp | -2.8pp |
| EPS (Diluted) | $0.65 | $-0.48 | $0.94 | 235.4% | -30.9% |
| Free Cash Flow | -$15M | -$2M | -$685.0K | -644.3% | -2047.2% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $20M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $8M |
| Interest Income | $745.0K |
| Interest Expense | $44.0K |
| Other Income/Expenses | $654.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $113.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $20M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $8M |
| Interest Income | $745.0K |
| Interest Expense | $44.0K |
| Other Income/Expenses | $654.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $113.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $11M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $349.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$16M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $199.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$197.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$197.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $21M |
| Net Receivables | $41M |
| Inventory | $28M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $95M |
| PP&E (Net) | $24M |
| Goodwill | $736.0K |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $65M |
| TOTAL ASSETS | $160M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $341.0K |
| TOTAL LIABILITIES | $17M |
| Common Stock | $143.0K |
| Additional Paid-In Capital | $98M |
| Retained Earnings | $64M |
| Treasury Stock | -$14M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $143M |
| Minority Interest | $0 |
| TOTAL EQUITY | $143M |
| TOTAL LIABILITIES & EQUITY | $160M |
| Total Debt | $439.0K |
| Net Debt | -$971.0K |
