| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $134M | $153M | $147M | -12.1% | -8.6% |
| Op. Income | $13M | $17M | $21M | -25.6% | -40.0% |
| Gross Margin | 44.2% | 43.1% | 42.3% | 1.1pp | 1.9pp |
| Net Margin | 8.8% | 37.6% | -23.3% | -28.8pp | 32.1pp |
| EPS (Diluted) | $0.17 | $0.80 | $-0.50 | -78.9% | 133.8% |
| Free Cash Flow | $5M | $35M | -$11M | -85.6% | 146.2% |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $38M |
| Operating Expenses | $47M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $16M |
| EBIT | $22M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $134M |
| Cost of Revenue | $75M |
| GROSS PROFIT | $59M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $7M |
| SG&A Expenses | $8M |
| Other Expenses | $38M |
| Operating Expenses | $47M |
| Cost & Expenses | $122M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $14M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $12M |
| D&A | $16M |
| EBIT | $22M |
| EBITDA | $38M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $914.9K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$19M |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $0 |
| Net Receivables | $40M |
| Inventory | $9M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $112M |
| PP&E (Net) | $707M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $110M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $816M |
| TOTAL ASSETS | $928M |
| Account Payables | $47M |
| Short-Term Debt | $9M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $232M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $248M |
| TOTAL LIABILITIES | $316M |
| Common Stock | $120M |
| Additional Paid-In Capital | $7M |
| Retained Earnings | $485M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $612M |
| Minority Interest | $0 |
| TOTAL EQUITY | $612M |
| TOTAL LIABILITIES & EQUITY | $928M |
| Total Debt | $248M |
| Net Debt | $195M |
