| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $81M | $89M | $64M | -8.8% | 26.8% |
| Op. Income | $8M | $4M | -$3M | 122.3% | 381.2% |
| Gross Margin | 49.2% | 46.1% | 43.8% | 3.1pp | 5.4pp |
| Net Margin | 8.8% | 1.9% | -7.7% | 7.0pp | 16.6pp |
| EPS (Diluted) | $0.20 | $0.04 | $-0.15 | 344.4% | 233.3% |
| Free Cash Flow | -$6M | $9M | -$4M | -161.8% | -30.6% |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $40M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | -$3M |
| Operating Expenses | $32M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$491.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $246.0K |
| 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 | $6M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $81M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $40M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $28M |
| Other Expenses | -$3M |
| Operating Expenses | $32M |
| Cost & Expenses | $73M |
| OPERATING INCOME | $8M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | -$491.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $246.0K |
| 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 | $6M |
| EBIT | $10M |
| EBITDA | $15M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$691.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | $94M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $177M |
| Short-Term Investments | $44.0K |
| Net Receivables | $120M |
| Inventory | $21M |
| Other Current Assets | $80M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $145M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $169M |
| TOTAL ASSETS | $567M |
| Account Payables | $15M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $226M |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $160M |
| TOTAL LIABILITIES | $386M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $228M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $181M |
| Minority Interest | $0 |
| TOTAL EQUITY | $181M |
| TOTAL LIABILITIES & EQUITY | $567M |
| Total Debt | $149M |
| Net Debt | -$28M |
