| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $91M | $45M | -3.2% | 94.9% |
| Op. Income | $36M | $41M | -$7M | -12.6% | 641.2% |
| Gross Margin | 94.3% | 94.6% | 94.7% | -0.3pp | -0.4pp |
| Net Margin | 40.5% | 49.9% | 2.1% | -9.4pp | 38.5pp |
| EPS (Diluted) | $1.20 | $1.52 | $0.03 | -21.1% | 3900.0% |
| Free Cash Flow | $25M | $52M | $15M | -52.4% | 69.3% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $83M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $36M |
| EBITDA | $38M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $83M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $33M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $52M |
| OPERATING INCOME | $36M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $36M |
| D&A | $2M |
| EBIT | $36M |
| EBITDA | $38M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $89M |
| Other Investing Activities | $435.0K |
| NET CASH FROM INVESTING | -$55M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $25M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $308M |
| Net Receivables | $103M |
| Inventory | $30M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $767M |
| PP&E (Net) | $159M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $148M |
| Tax Assets | $0 |
| Other Non-Current Assets | $218.0K |
| TOTAL NON-CURRENT ASSETS | $308M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $79M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$145M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $390.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $985M |
| Minority Interest | $0 |
| TOTAL EQUITY | $985M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $10M |
| Net Debt | -$299M |
