| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $230M | $138M | $104M | 67.1% | 120.8% |
| Op. Income | $35M | -$24M | $35M | 245.7% | 1.5% |
| Gross Margin | 59.2% | 54.0% | 67.7% | 5.2pp | -8.6pp |
| Net Margin | 5.2% | -20.5% | 29.2% | 25.7pp | -24.0pp |
| EPS (Diluted) | $0.09 | $-0.22 | $0.23 | 140.5% | -61.3% |
| Free Cash Flow | $26M | -$46M | $25M | 156.6% | 3.2% |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $136M |
| R&D Expenses | $14M |
| Selling & Marketing | $14M |
| General & Administrative | $30M |
| SG&A Expenses | $44M |
| Other Expenses | $43M |
| Operating Expenses | $101M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $35M |
| Interest Income | $590.0K |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $7M |
| 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 | $14M |
| EBIT | $36M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $230M |
| Cost of Revenue | $94M |
| GROSS PROFIT | $136M |
| R&D Expenses | $14M |
| Selling & Marketing | $14M |
| General & Administrative | $30M |
| SG&A Expenses | $44M |
| Other Expenses | $43M |
| Operating Expenses | $101M |
| Cost & Expenses | $195M |
| OPERATING INCOME | $35M |
| Interest Income | $590.0K |
| Interest Expense | $17M |
| Other Income/Expenses | -$16M |
| INCOME BEFORE TAX | $19M |
| Income Tax Expense | $7M |
| 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 | $14M |
| EBIT | $36M |
| EBITDA | $50M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $12M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$627.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$947.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $0 |
| Net Receivables | $147M |
| Inventory | $94M |
| Other Current Assets | $40M |
| TOTAL CURRENT ASSETS | $354M |
| PP&E (Net) | $183M |
| Goodwill | $185M |
| Intangible Assets | $269M |
| Long-Term Investments | $23M |
| Tax Assets | $212M |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $884M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $67M |
| Short-Term Debt | $3M |
| Deferred Revenue | $38M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $192M |
| Long-Term Debt | $832M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $963M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$196M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $912M |
| Net Debt | $842M |
