| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $117M | $83M | 5.6% | 49.7% |
| Op. Income | $15M | $21M | -$30M | -30.7% | 148.7% |
| Gross Margin | 80.9% | 81.9% | 70.1% | -1.0pp | 10.9pp |
| Net Margin | 13.8% | 23.1% | -32.0% | -9.3pp | 45.8pp |
| EPS (Diluted) | $1.55 | $0.35 | $-0.34 | 342.9% | 555.9% |
| Free Cash Flow | $4M | $37M | -$34M | -88.8% | 112.4% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $100M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $998.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $100M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $109M |
| OPERATING INCOME | $15M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $998.0K |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $121M |
| D&A | $1M |
| EBIT | $18M |
| EBITDA | $19M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $7.0K |
| Deferred Income Tax | $6.0K |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$24M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$757.0K |
| Acquisitions (Net) | -$4M |
| Purchases of Investments | -$90M |
| Sales/Maturities of Investments | $74M |
| Other Investing Activities | -$706.0K |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$830.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $288M |
| Short-Term Investments | $182M |
| Net Receivables | $76M |
| Inventory | $13M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $618M |
| PP&E (Net) | $16M |
| Goodwill | $64M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $94M |
| TOTAL ASSETS | $713M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $217M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $267M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $274M |
| Common Stock | $0 |
| Additional Paid-In Capital | $197M |
| Retained Earnings | -$506M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $439M |
| Minority Interest | $0 |
| TOTAL EQUITY | $439M |
| TOTAL LIABILITIES & EQUITY | $713M |
| Total Debt | $10M |
| Net Debt | -$278M |
