| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $33M | $22M | -7.4% | 38.7% |
| Op. Income | $17M | $19M | $11M | -10.1% | 54.4% |
| Gross Margin | 61.3% | 62.5% | 56.3% | -1.2pp | 5.0pp |
| Net Margin | 53.1% | 56.1% | 48.7% | -3.0pp | 4.3pp |
| EPS (Diluted) | $0.25 | $0.28 | $0.16 | -10.7% | 56.3% |
| Free Cash Flow | $19M | -$5M | -$155M | 502.5% | 112.1% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $17M |
| Interest Income | $28M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $13M |
| OPERATING INCOME | $17M |
| Interest Income | $28M |
| Interest Expense | $12M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $17M |
| Income Tax Expense | $737.0K |
| Net Income from Continuing Ops | $16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $16M |
| D&A | $0 |
| EBIT | $17M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $16M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $27M |
| Change in Working Capital | -$25M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$368M |
| Sales/Maturities of Investments | $427M |
| Other Investing Activities | -$59M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$16M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $56M |
| Short-Term Investments | $0 |
| Net Receivables | $58M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $114M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.3B |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $1.4B |
| Account Payables | $139M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $139M |
| Long-Term Debt | $772M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $779M |
| TOTAL LIABILITIES | $918M |
| Common Stock | $65.0K |
| Additional Paid-In Capital | $744M |
| Retained Earnings | -$250M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $494M |
| Minority Interest | $0 |
| TOTAL EQUITY | $494M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $772M |
| Net Debt | $716M |
