| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $336M | $343M | $311M | -2.1% | 8.0% |
| Op. Income | $40M | $30M | $54M | 32.8% | -25.9% |
| Gross Margin | 53.3% | 55.0% | 53.8% | -1.7pp | -0.5pp |
| Net Margin | 11.4% | 5.9% | 13.2% | 5.5pp | -1.8pp |
| EPS (Diluted) | $0.74 | $0.40 | $0.80 | 85.0% | -7.5% |
| Free Cash Flow | -$33M | $54M | $9M | -160.8% | -451.0% |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $179M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $125M |
| Operating Expenses | $140M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $40M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $29M |
| EBIT | $51M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $336M |
| Cost of Revenue | $157M |
| GROSS PROFIT | $179M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $125M |
| Operating Expenses | $140M |
| Cost & Expenses | $296M |
| OPERATING INCOME | $40M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $47M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $29M |
| EBIT | $51M |
| EBITDA | $80M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$12M |
| Change in Working Capital | -$83M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | -$129M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$139M |
| Net Debt Issuance | $339M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | $334M |
| FREE CASH FLOW | -$33M |
| Net Change in Cash | $166M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $344M |
| Short-Term Investments | $0 |
| Net Receivables | $201M |
| Inventory | $374M |
| Other Current Assets | $59M |
| TOTAL CURRENT ASSETS | $979M |
| PP&E (Net) | $302M |
| Goodwill | $613M |
| Intangible Assets | $495M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $77M |
| Short-Term Debt | $5M |
| Deferred Revenue | $34M |
| Other Current Liabilities | $104M |
| TOTAL CURRENT LIABILITIES | $260M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65M |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $1.4B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $512.0K |
| Additional Paid-In Capital | $561M |
| Retained Earnings | $387M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $905M |
| Minority Interest | $0 |
| TOTAL EQUITY | $905M |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $1.2B |
| Net Debt | $879M |
