| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $94M | $108M | 25.0% | 8.7% |
| Op. Income | $14M | -$218M | $1M | 106.4% | 863.9% |
| Gross Margin | 57.2% | 65.5% | 6.8% | -8.3pp | 50.4pp |
| Net Margin | 8.5% | -229.0% | -1.6% | 237.5pp | 10.0pp |
| EPS (Diluted) | $0.23 | $-5.04 | $-0.05 | 104.6% | 572.3% |
| Free Cash Flow | $27M | $25M | $1M | 6.1% | 1687.7% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $20M |
| Operating Expenses | $53M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $15M |
| EBIT | $13M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $50M |
| GROSS PROFIT | $67M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $20M |
| Operating Expenses | $53M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $15M |
| EBIT | $13M |
| EBITDA | $28M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$18M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $21.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$23M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$23M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $76M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $253M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $259M |
| TOTAL ASSETS | $366M |
| Account Payables | $26M |
| Short-Term Debt | $0 |
| Deferred Revenue | $107M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $177M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $43M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $251M |
| Common Stock | $430.0K |
| Additional Paid-In Capital | $190M |
| Retained Earnings | -$75M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $115M |
| Minority Interest | $0 |
| TOTAL EQUITY | $115M |
| TOTAL LIABILITIES & EQUITY | $366M |
| Total Debt | $18M |
| Net Debt | $11M |
