| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $213M | $195M | $142M | 9.5% | 50.5% |
| Op. Income | $63M | $55M | $37M | 14.0% | 69.9% |
| Gross Margin | 57.3% | 56.4% | 58.7% | 0.9pp | -1.4pp |
| Net Margin | 30.4% | 25.9% | 26.0% | 4.5pp | 4.4pp |
| EPS (Diluted) | $2.03 | $1.58 | $1.15 | 28.5% | 76.5% |
| Free Cash Flow | $60M | $61M | $57M | -2.1% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $122M |
| R&D Expenses | $33M |
| Selling & Marketing | $20M |
| General & Administrative | $6M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $63M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $5M |
| EBIT | $63M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $213M |
| Cost of Revenue | $91M |
| GROSS PROFIT | $122M |
| R&D Expenses | $33M |
| Selling & Marketing | $20M |
| General & Administrative | $6M |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $150M |
| OPERATING INCOME | $63M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | $76M |
| Income Tax Expense | $11M |
| Net Income from Continuing Ops | $65M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $65M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $65M |
| D&A | $5M |
| EBIT | $63M |
| EBITDA | $68M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $65M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $69M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | -$52M |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $79M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $60M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $141M |
| Short-Term Investments | $401M |
| Net Receivables | $127M |
| Inventory | $175M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $876M |
| PP&E (Net) | $140M |
| Goodwill | $85M |
| Intangible Assets | $49M |
| Long-Term Investments | $260M |
| Tax Assets | $33M |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $588M |
| TOTAL ASSETS | $1.5B |
| Account Payables | $55M |
| Short-Term Debt | $181M |
| Deferred Revenue | $69M |
| Other Current Liabilities | $89M |
| TOTAL CURRENT LIABILITIES | $402M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $18M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $482M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $982M |
| TOTAL STOCKHOLDERS' EQUITY | $982M |
| Minority Interest | $0 |
| TOTAL EQUITY | $982M |
| TOTAL LIABILITIES & EQUITY | $1.5B |
| Total Debt | $236M |
| Net Debt | $95M |
