| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $227M | $43M | -76.5% | 23.8% |
| Op. Income | -$8M | $52M | -$15M | -115.8% | 44.2% |
| Gross Margin | 83.1% | 52.2% | 90.0% | 30.9pp | -6.8pp |
| Net Margin | -14.1% | 11.2% | -43.7% | -25.4pp | 29.6pp |
| EPS (Diluted) | $-0.31 | $1.06 | $-0.79 | -129.2% | 60.8% |
| Free Cash Flow | -$27M | $108M | -$55M | -124.6% | 51.4% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $44M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $53M |
| Other Expenses | $0 |
| Operating Expenses | $53M |
| Cost & Expenses | $62M |
| OPERATING INCOME | -$8M |
| Interest Income | $864.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $782.0K |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $782.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$359.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$804.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9M |
| Common Dividends Paid | -$440.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $0 |
| Net Receivables | $71M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $235M |
| PP&E (Net) | $721M |
| Goodwill | $227M |
| Intangible Assets | $104M |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $23M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $5M |
| Short-Term Debt | $30M |
| Deferred Revenue | $307M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $575M |
| Long-Term Debt | $275M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $52M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $249.0K |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$123M |
| Treasury Stock | -$163M |
| Accum. Other Comp. Income | -$938.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$278M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$278M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.1B |
| Net Debt | $1.0B |
