| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $84M | $77M | $72M | 9.8% | 17.4% |
| Op. Income | $7M | $6M | $6M | 4.7% | 12.8% |
| Gross Margin | 26.0% | 28.0% | 28.3% | -2.0pp | -2.3pp |
| Net Margin | 5.0% | 3.7% | 5.5% | 1.2pp | -0.5pp |
| EPS (Diluted) | $0.54 | $0.37 | $0.48 | 45.9% | 12.5% |
| Free Cash Flow | $16M | -$3M | $6M | 719.6% | 182.0% |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $424.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $651.0K |
| Other Income/Expenses | -$698.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $424.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $84M |
| Cost of Revenue | $62M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $424.0K |
| Operating Expenses | $15M |
| Cost & Expenses | $78M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $651.0K |
| Other Income/Expenses | -$698.0K |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $424.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $424.0K |
| Stock-Based Compensation | $773.0K |
| Deferred Income Tax | -$5.0K |
| Other Non-Cash Items | $267.0K |
| Change in Working Capital | $11M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$427.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$427.0K |
| Net Debt Issuance | -$12M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $281.0K |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | $452.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $86M |
| PP&E (Net) | $13M |
| Goodwill | $22M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $125.0K |
| Other Non-Current Assets | $233.0K |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $121M |
| Account Payables | $34M |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $212.0K |
| TOTAL CURRENT LIABILITIES | $53M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $895.0K |
| Additional Paid-In Capital | $119M |
| Retained Earnings | -$2M |
| Treasury Stock | -$81M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $121M |
| Total Debt | $30M |
| Net Debt | $25M |
