| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $59M | $27M | -1.4% | 120.1% |
| Op. Income | $8M | $11M | $1M | -26.5% | 561.2% |
| Gross Margin | 39.9% | 45.2% | 36.1% | -5.4pp | 3.8pp |
| Net Margin | 13.3% | 17.4% | 3.7% | -4.1pp | 9.6pp |
| EPS (Diluted) | $0.22 | $0.31 | $0.03 | -29.0% | 633.3% |
| Free Cash Flow | $9M | $15M | $5M | -43.6% | 56.9% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $8M |
| Interest Income | $127.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $127.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $612.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $50M |
| OPERATING INCOME | $8M |
| Interest Income | $127.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $127.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $612.0K |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $8M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $149.0K |
| Other Non-Cash Items | $342.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$103.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $963.0K |
| NET CASH FROM FINANCING | $860.0K |
| FREE CASH FLOW | $9M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $30M |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $92M |
| PP&E (Net) | $9M |
| Goodwill | $2M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $125M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $8M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $35.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $349.0K |
| Additional Paid-In Capital | $57M |
| Retained Earnings | $27M |
| Treasury Stock | -$6M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $75M |
| Minority Interest | -$83.0K |
| TOTAL EQUITY | $75M |
| TOTAL LIABILITIES & EQUITY | $125M |
| Total Debt | $4M |
| Net Debt | -$52M |
