| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $569M | $598M | $442M | -4.8% | 28.8% |
| Op. Income | $89M | $109M | $57M | -18.8% | 56.1% |
| Gross Margin | 71.9% | 72.1% | 69.5% | -0.2pp | 2.4pp |
| Net Margin | 6.2% | 16.9% | 11.7% | -10.6pp | -5.4pp |
| EPS (Diluted) | $0.50 | $1.39 | $0.73 | -64.0% | -31.5% |
| Free Cash Flow | $52M | $92M | $64M | -43.8% | -19.0% |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $409M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $89M |
| Interest Income | $10M |
| Interest Expense | $9M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $22M |
| EBIT | $57M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $569M |
| Cost of Revenue | $160M |
| GROSS PROFIT | $409M |
| R&D Expenses | $60M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $261M |
| Other Expenses | $0 |
| Operating Expenses | $320M |
| Cost & Expenses | $480M |
| OPERATING INCOME | $89M |
| Interest Income | $10M |
| Interest Expense | $9M |
| Other Income/Expenses | -$41M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $13M |
| Net Income from Continuing Ops | $35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $35M |
| Net Income Deductions | -$2M |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $22M |
| EBIT | $57M |
| EBITDA | $79M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $35M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $54M |
| Change in Working Capital | -$65M |
| OPERATING CASH FLOW | $64M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $273M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | $278M |
| FREE CASH FLOW | $52M |
| Net Change in Cash | $330M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.3B |
| Short-Term Investments | $0 |
| Net Receivables | $402M |
| Inventory | $441M |
| Other Current Assets | $181M |
| TOTAL CURRENT ASSETS | $2.3B |
| PP&E (Net) | $719M |
| Goodwill | $52M |
| Intangible Assets | $100M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $339M |
| TOTAL NON-CURRENT ASSETS | $1.2B |
| TOTAL ASSETS | $3.5B |
| Account Payables | $58M |
| Short-Term Debt | $83M |
| Deferred Revenue | $15M |
| Other Current Liabilities | $275M |
| TOTAL CURRENT LIABILITIES | $520M |
| Long-Term Debt | $1.6B |
| Deferred Revenue NC | $700.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $53M |
| TOTAL NON-CURRENT LIABILITIES | $1.7B |
| TOTAL LIABILITIES | $2.2B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $76M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $1.7B |
| Net Debt | $412M |
