| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $66M | $63M | -1.6% | 3.0% |
| Op. Income | $18M | $18M | $14M | 0.7% | 27.4% |
| Gross Margin | 69.1% | 65.8% | 62.9% | 3.3pp | 6.2pp |
| Net Margin | 20.5% | 19.4% | 15.8% | 1.1pp | 4.7pp |
| EPS (Diluted) | $0.43 | $0.42 | $0.32 | 4.2% | 33.7% |
| Free Cash Flow | $34M | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $45M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $18M |
| Interest Income | $676.7K |
| Interest Expense | $340.0K |
| Other Income/Expenses | $438.8K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $12M |
| EBIT | $19M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $45M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $18M |
| Interest Income | $676.7K |
| Interest Expense | $340.0K |
| Other Income/Expenses | $438.8K |
| INCOME BEFORE TAX | $18M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $13M |
| D&A | $12M |
| EBIT | $19M |
| EBITDA | $30M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $13M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $21M |
| OPERATING CASH FLOW | $51M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$730.6K |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | -$107.5K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $60M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $295.1K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $96M |
| PP&E (Net) | $128M |
| Goodwill | $13M |
| Intangible Assets | $5M |
| Long-Term Investments | $2M |
| Tax Assets | $5M |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $274M |
| Account Payables | $28M |
| Short-Term Debt | $7M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $129.7K |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $85M |
| Common Stock | $428M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $122M |
| Treasury Stock | -$207.9K |
| Accum. Other Comp. Income | -$363M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $2M |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $274M |
| Total Debt | $17M |
| Net Debt | -$43M |
