| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $185M | $201M | $155M | -8.2% | 19.5% |
| Op. Income | $56M | $56M | $52M | 0.9% | 8.1% |
| Gross Margin | 82.7% | 73.0% | 82.2% | 9.7pp | 0.5pp |
| Net Margin | 24.7% | 24.6% | 24.8% | 0.1pp | -0.1pp |
| EPS (Diluted) | $0.78 | $0.85 | $0.67 | -8.2% | 16.4% |
| Free Cash Flow | $34M | $75M | $31M | -54.9% | 8.7% |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $153M |
| R&D Expenses | $35M |
| Selling & Marketing | $31M |
| General & Administrative | $31M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $56M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $932.0K |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $6M |
| EBIT | $61M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $185M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $153M |
| R&D Expenses | $35M |
| Selling & Marketing | $31M |
| General & Administrative | $31M |
| SG&A Expenses | $62M |
| Other Expenses | $0 |
| Operating Expenses | $96M |
| Cost & Expenses | $128M |
| OPERATING INCOME | $56M |
| Interest Income | $5M |
| Interest Expense | $4M |
| Other Income/Expenses | $932.0K |
| INCOME BEFORE TAX | $57M |
| Income Tax Expense | $12M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $6M |
| EBIT | $61M |
| EBITDA | $67M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$580.0K |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$128.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | -$352.0K |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $489M |
| Short-Term Investments | $18M |
| Net Receivables | $106M |
| Inventory | $6M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $643M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $107M |
| Long-Term Investments | $103M |
| Tax Assets | $0 |
| Other Non-Current Assets | $199M |
| TOTAL NON-CURRENT ASSETS | $413M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $17M |
| Short-Term Debt | $18M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $175M |
| Long-Term Debt | $158M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $160M |
| TOTAL LIABILITIES | $335M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $673M |
| Retained Earnings | $48M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $245.0K |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | $721M |
| Minority Interest | $0 |
| TOTAL EQUITY | $721M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $177M |
| Net Debt | -$312M |
