| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $138M | $129M | $123M | 7.0% | 11.9% |
| Op. Income | $9M | $9M | $11M | 1.3% | -17.2% |
| Gross Margin | 24.4% | 26.2% | 29.6% | -1.9pp | -5.3pp |
| Net Margin | 4.8% | 4.4% | 6.5% | 0.4pp | -1.7pp |
| EPS (Diluted) | $0.22 | $0.19 | $0.27 | 15.8% | -18.5% |
| Free Cash Flow | $11M | $10M | $9M | 7.3% | 20.5% |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $875.0K |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $138M |
| Cost of Revenue | $104M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $129M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $875.0K |
| Other Income/Expenses | -$814.0K |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $7M |
| D&A | $3M |
| EBIT | $9M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $742.0K |
| Other Non-Cash Items | $966.0K |
| Change in Working Capital | -$576.0K |
| OPERATING CASH FLOW | $12M |
| Capital Expenditure | -$759.0K |
| Acquisitions (Net) | -$59.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$818.0K |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$1M |
| Other Financing Activities | -$204.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $83M |
| Inventory | $71M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $167M |
| PP&E (Net) | $47M |
| Goodwill | $57M |
| Intangible Assets | $73M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $183M |
| TOTAL ASSETS | $350M |
| Account Payables | $34M |
| Short-Term Debt | $4M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $44M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $138M |
| Common Stock | $158M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $53M |
| Treasury Stock | -$9M |
| Accum. Other Comp. Income | $93.0K |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $211M |
| Minority Interest | $0 |
| TOTAL EQUITY | $211M |
| TOTAL LIABILITIES & EQUITY | $350M |
| Total Debt | $65M |
| Net Debt | $58M |
