| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $330M | $323M | $302M | 2.3% | 9.4% |
| Op. Income | $13M | $12M | $11M | 10.6% | 23.6% |
| Gross Margin | 29.9% | 29.6% | 29.4% | 0.4pp | 0.5pp |
| Net Margin | 3.0% | 2.8% | 2.6% | 0.2pp | 0.4pp |
| EPS (Diluted) | $0.43 | $0.39 | $0.34 | 10.3% | 26.5% |
| Free Cash Flow | -$7M | $18M | $5M | -139.6% | -246.4% |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $231M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $74M |
| Operating Expenses | $85M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $923.0K |
| Other Income/Expenses | -$923.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $8M |
| EBIT | $13M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $330M |
| Cost of Revenue | $231M |
| GROSS PROFIT | $99M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $74M |
| Operating Expenses | $85M |
| Cost & Expenses | $317M |
| OPERATING INCOME | $13M |
| Interest Income | $0 |
| Interest Expense | $923.0K |
| Other Income/Expenses | -$923.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $10M |
| D&A | $8M |
| EBIT | $13M |
| EBITDA | $21M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $10M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$742.0K |
| Other Non-Cash Items | $66.0K |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $261.0K |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $122M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $145M |
| PP&E (Net) | $490M |
| Goodwill | $5M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $281.0K |
| TOTAL NON-CURRENT ASSETS | $504M |
| TOTAL ASSETS | $649M |
| Account Payables | $76M |
| Short-Term Debt | $40M |
| Deferred Revenue | $2M |
| Other Current Liabilities | -$24M |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $317M |
| TOTAL LIABILITIES | $467M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $61M |
| Retained Earnings | $121M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $182M |
| Minority Interest | $0 |
| TOTAL EQUITY | $182M |
| TOTAL LIABILITIES & EQUITY | $649M |
| Total Debt | $347M |
| Net Debt | $341M |
