| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $324M | $316M | $279M | 2.7% | 16.3% |
| Op. Income | $40M | $43M | $12M | -5.7% | 233.4% |
| Gross Margin | 66.6% | 66.8% | 65.0% | -0.2pp | 1.6pp |
| Net Margin | 12.1% | 10.7% | 3.9% | 1.4pp | 8.2pp |
| EPS (Diluted) | $1.00 | $0.86 | $0.28 | 16.3% | 257.1% |
| Free Cash Flow | $36M | $46M | $32M | -22.4% | 9.3% |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $216M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $40M |
| Interest Income | $3M |
| Interest Expense | $322.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $5M |
| EBIT | $44M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $324M |
| Cost of Revenue | $108M |
| GROSS PROFIT | $216M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $153M |
| Other Expenses | $0 |
| Operating Expenses | $176M |
| Cost & Expenses | $284M |
| OPERATING INCOME | $40M |
| Interest Income | $3M |
| Interest Expense | $322.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $39M |
| D&A | $5M |
| EBIT | $44M |
| EBITDA | $49M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $49M |
| Capital Expenditure | -$13M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35.0K |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$502.0K |
| Net Debt Issuance | -$613.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$701.0K |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $376M |
| Short-Term Investments | $3M |
| Net Receivables | $168M |
| Inventory | $416M |
| Other Current Assets | $37M |
| TOTAL CURRENT ASSETS | $1000M |
| PP&E (Net) | $275M |
| Goodwill | $166M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $102M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $594M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $159M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $222M |
| TOTAL LIABILITIES | $380M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $99M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $221M |
| Net Debt | -$155M |
