| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $60M | $42M | -18.0% | 16.4% |
| Op. Income | $11M | $4M | $14M | 153.2% | -19.4% |
| Gross Margin | 28.7% | 20.7% | 40.2% | 8.0pp | -11.5pp |
| Net Margin | 18.5% | 3.8% | 26.7% | 14.7pp | -8.2pp |
| EPS (Diluted) | $3.72 | $0.91 | $4.41 | 308.8% | -15.6% |
| Free Cash Flow | $4M | $3M | -$11M | 15.1% | 132.4% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $11M |
| Interest Income | $68.0K |
| Interest Expense | $590.0K |
| Other Income/Expenses | $97.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $21M |
| EBIT | $12M |
| EBITDA | $33M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $11M |
| Interest Income | $68.0K |
| Interest Expense | $590.0K |
| Other Income/Expenses | $97.0K |
| INCOME BEFORE TAX | $11M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $21M |
| EBIT | $12M |
| EBITDA | $33M |
| EPS | $5 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$436.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | $38M |
| Capital Expenditure | -$35M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $619.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | -$7M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$450.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $14.0K |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $310M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $311M |
| TOTAL ASSETS | $339M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $55M |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $281.0K |
| Additional Paid-In Capital | $8M |
| Retained Earnings | $270M |
| Treasury Stock | -$73M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $205M |
| Minority Interest | $0 |
| TOTAL EQUITY | $205M |
| TOTAL LIABILITIES & EQUITY | $339M |
| Total Debt | $10M |
| Net Debt | $8M |
