| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | $152M | $44M | -51.8% | 67.3% |
| Op. Income | $21M | $45M | -$11M | -54.5% | 293.4% |
| Gross Margin | 45.0% | 40.8% | 7.3% | 4.2pp | 37.7pp |
| Net Margin | 37.2% | 35.4% | -14.0% | 1.8pp | 51.2pp |
| EPS (Diluted) | $1.60 | $3.20 | $-0.38 | -50.0% | 521.1% |
| Free Cash Flow | $34M | $57M | $4M | -39.9% | 805.3% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $33M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $1M |
| Operating Expenses | $12M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $2M |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $33M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $1M |
| Operating Expenses | $12M |
| Cost & Expenses | $53M |
| OPERATING INCOME | $21M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | $35M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $2M |
| EBIT | $39M |
| EBITDA | $40M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $500.0K |
| Deferred Income Tax | $8M |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $37M |
| 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 | -$74M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$53M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $653M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $430M |
| Other Current Assets | $101M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $3M |
| Tax Assets | $22M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $33M |
| Short-Term Debt | $40M |
| Deferred Revenue | $217M |
| Other Current Liabilities | $204M |
| TOTAL CURRENT LIABILITIES | $578M |
| Long-Term Debt | $418M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $84M |
| TOTAL NON-CURRENT LIABILITIES | $502M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $2M |
| Additional Paid-In Capital | $262M |
| Retained Earnings | -$49M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$600.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $214M |
| Minority Interest | $0 |
| TOTAL EQUITY | $214M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $458M |
| Net Debt | -$195M |
