| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $233M | $238M | $231M | -2.0% | 1.1% |
| Op. Income | $32M | $27M | $26M | 21.4% | 26.6% |
| Gross Margin | 44.7% | 45.5% | 43.5% | -0.7pp | 1.2pp |
| Net Margin | 9.1% | 6.9% | 6.4% | 2.2pp | 2.7pp |
| EPS (Diluted) | $0.59 | $0.46 | $0.41 | 28.3% | 43.9% |
| Free Cash Flow | $27M | $59M | $26M | -53.8% | 3.7% |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $104M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $3M |
| Operating Expenses | $72M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $14M |
| EBIT | $30M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $233M |
| Cost of Revenue | $129M |
| GROSS PROFIT | $104M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $46M |
| Other Expenses | $3M |
| Operating Expenses | $72M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $32M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $14M |
| EBIT | $30M |
| EBITDA | $44M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $6M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$30M |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$43M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $106M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $145M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $434M |
| PP&E (Net) | $154M |
| Goodwill | $589M |
| Intangible Assets | $178M |
| Long-Term Investments | $0 |
| Tax Assets | $25M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $951M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $83M |
| Short-Term Debt | $16M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $385M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $446M |
| TOTAL LIABILITIES | $616M |
| Common Stock | $424M |
| Additional Paid-In Capital | $78M |
| Retained Earnings | $289M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $770M |
| Minority Interest | $0 |
| TOTAL EQUITY | $770M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $443M |
| Net Debt | $336M |
