| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $215M | $213M | $204M | 0.9% | 5.4% |
| Op. Income | $60M | $52M | $50M | 15.2% | 21.3% |
| Gross Margin | 47.3% | 47.6% | 46.0% | -0.3pp | 1.3pp |
| Net Margin | 14.2% | 17.1% | 9.6% | -2.9pp | 4.5pp |
| EPS (Diluted) | $0.27 | $0.32 | $0.16 | -15.6% | 68.8% |
| Free Cash Flow | $37M | $81M | $57M | -54.6% | -35.7% |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $102M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $60M |
| Interest Income | $2M |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $52M |
| EBIT | $61M |
| EBITDA | $113M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $215M |
| Cost of Revenue | $113M |
| GROSS PROFIT | $102M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $154M |
| OPERATING INCOME | $60M |
| Interest Income | $2M |
| Interest Expense | $24M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | $36M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | $30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $30M |
| D&A | $52M |
| EBIT | $61M |
| EBITDA | $113M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $30M |
| Depreciation & Amortization | $52M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$39M |
| OPERATING CASH FLOW | $61M |
| Capital Expenditure | -$25M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $15M |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | -$16M |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$81M |
| FREE CASH FLOW | $37M |
| Net Change in Cash | -$43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $105M |
| Inventory | $81M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $2.1B |
| Goodwill | $99M |
| Intangible Assets | $90M |
| Long-Term Investments | $79M |
| Tax Assets | $0 |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $2.6B |
| Account Payables | $11M |
| Short-Term Debt | $29M |
| Deferred Revenue | $45M |
| Other Current Liabilities | $44M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $1.8B |
| Deferred Revenue NC | $37M |
| Deferred Tax Liabilities | $117M |
| Other Non-Current Liabilities | $30M |
| TOTAL NON-CURRENT LIABILITIES | $2.0B |
| TOTAL LIABILITIES | $2.1B |
| Common Stock | $109.0K |
| Additional Paid-In Capital | $930M |
| Retained Earnings | -$425M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $518M |
| Minority Interest | $0 |
| TOTAL EQUITY | $518M |
| TOTAL LIABILITIES & EQUITY | $2.6B |
| Total Debt | $1.8B |
| Net Debt | $1.8B |
