| Metric | Q1 2024 | Q4 2023 | Q1 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $119M | $105M | $89M | 12.5% | 32.9% |
| Op. Income | $34M | $33M | $23M | 2.7% | 51.8% |
| Gross Margin | 50.5% | 55.5% | 48.1% | -5.0pp | 2.5pp |
| Net Margin | 22.3% | 24.6% | 19.4% | -2.3pp | 2.8pp |
| EPS (Diluted) | $1.04 | $1.02 | $0.68 | 2.0% | 52.9% |
| Free Cash Flow | $33M | $21M | $16M | 58.9% | 109.9% |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $34M |
| Interest Income | $8M |
| Interest Expense | $740.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $0 |
| EBIT | $35M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $119M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $60M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $26M |
| Operating Expenses | $26M |
| Cost & Expenses | $84M |
| OPERATING INCOME | $34M |
| Interest Income | $8M |
| Interest Expense | $740.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $0 |
| EBIT | $35M |
| EBITDA | $35M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $33M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$179M |
| Sales/Maturities of Investments | $164M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $427.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $61M |
| Short-Term Investments | $330M |
| Net Receivables | $643M |
| Inventory | $0 |
| Other Current Assets | -$950M |
| TOTAL CURRENT ASSETS | $384M |
| PP&E (Net) | $312.0K |
| Goodwill | $0 |
| Intangible Assets | $12M |
| Long-Term Investments | $703M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.2B |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $1.9B |
| Account Payables | $255M |
| Short-Term Debt | $43M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $363M |
| Long-Term Debt | $43M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $357M |
| TOTAL NON-CURRENT LIABILITIES | $400M |
| TOTAL LIABILITIES | $1.4B |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $357M |
| Retained Earnings | $171M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $502M |
| Minority Interest | $0 |
| TOTAL EQUITY | $502M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $43M |
| Net Debt | -$18M |
