| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $119M | $103M | -1.6% | 13.7% |
| Op. Income | $3M | $11M | -$458.0K | -68.8% | 845.2% |
| Gross Margin | 59.7% | 62.2% | 58.4% | -2.5pp | 1.3pp |
| Net Margin | 1.7% | 5.7% | -0.2% | -4.1pp | 1.9pp |
| EPS (Diluted) | $0.06 | $0.22 | $-0.01 | -71.5% | 981.7% |
| Free Cash Flow | -$28M | $6M | -$17M | -611.4% | -70.1% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | -$220.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $3M |
| Interest Income | $114.0K |
| Interest Expense | $701.0K |
| Other Income/Expenses | -$587.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $882.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $70M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $67M |
| Other Expenses | -$220.0K |
| Operating Expenses | $67M |
| Cost & Expenses | $114M |
| OPERATING INCOME | $3M |
| Interest Income | $114.0K |
| Interest Expense | $701.0K |
| Other Income/Expenses | -$587.0K |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $882.0K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $3M |
| EBIT | $4M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $547.0K |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$20M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $249.0K |
| NET CASH FROM INVESTING | -$20M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $2M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $285M |
| Goodwill | $11M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $341M |
| TOTAL ASSETS | $427M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $29M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $83M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $167M |
| TOTAL LIABILITIES | $250M |
| Common Stock | $48M |
| Additional Paid-In Capital | $48M |
| Retained Earnings | $81M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $274.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $178M |
| Minority Interest | $0 |
| TOTAL EQUITY | $178M |
| TOTAL LIABILITIES & EQUITY | $427M |
| Total Debt | $176M |
| Net Debt | $148M |
