| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | $98M | $80M | -20.4% | -3.0% |
| Op. Income | $16M | $28M | $18M | -43.9% | -13.7% |
| Gross Margin | 78.2% | 79.3% | 79.6% | -1.1pp | -1.4pp |
| Net Margin | 23.4% | 84.6% | 29.5% | -61.2pp | -6.1pp |
| EPS (Diluted) | $0.26 | $1.14 | $0.28 | -77.2% | -7.1% |
| Free Cash Flow | $14M | $32M | $24M | -56.7% | -41.8% |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $61M |
| R&D Expenses | $3M |
| Selling & Marketing | $40M |
| General & Administrative | $3M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $16M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $174.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $61M |
| R&D Expenses | $3M |
| Selling & Marketing | $40M |
| General & Administrative | $3M |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $62M |
| OPERATING INCOME | $16M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $174.0K |
| EBIT | $16M |
| EBITDA | $16M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $174.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $896.0K |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$85.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $96M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $75M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$100M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $494.0K |
| NET CASH FROM FINANCING | -$99M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $146M |
| Short-Term Investments | $367M |
| Net Receivables | $58M |
| Inventory | $64M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $635M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $700.0K |
| Tax Assets | $55M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $705M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $16M |
| Other Current Liabilities | $42M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $13M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $619M |
| TOTAL STOCKHOLDERS' EQUITY | $619M |
| Minority Interest | $0 |
| TOTAL EQUITY | $619M |
| TOTAL LIABILITIES & EQUITY | $705M |
| Total Debt | $6M |
| Net Debt | -$140M |
