| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $167M | $161M | $118M | 3.5% | 41.4% |
| Op. Income | $63M | $58M | $31M | 9.1% | 104.8% |
| Gross Margin | 75.4% | 78.5% | 73.2% | -3.1pp | 2.2pp |
| Net Margin | 36.2% | 38.6% | 27.9% | -2.4pp | 8.3pp |
| EPS (Diluted) | $0.56 | $0.57 | $0.30 | -1.8% | 86.7% |
| Free Cash Flow | $70M | $52M | $36M | 32.5% | 92.6% |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $126M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $63M |
| Interest Income | $5M |
| Interest Expense | $377.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $10M |
| EBIT | $68M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $167M |
| Cost of Revenue | $41M |
| GROSS PROFIT | $126M |
| R&D Expenses | $43M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $104M |
| OPERATING INCOME | $63M |
| Interest Income | $5M |
| Interest Expense | $377.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $68M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $60M |
| D&A | $10M |
| EBIT | $68M |
| EBITDA | $78M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $60M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | $4.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $77M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$91M |
| Sales/Maturities of Investments | $91M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$35M |
| NET CASH FROM FINANCING | -$37M |
| FREE CASH FLOW | $70M |
| Net Change in Cash | $32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $382M |
| Net Receivables | $143M |
| Inventory | $45M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $719M |
| PP&E (Net) | $102M |
| Goodwill | $287M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $134M |
| Other Non-Current Assets | $121M |
| TOTAL NON-CURRENT ASSETS | $660M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $20M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $125M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $220M |
| Common Stock | $107.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$93M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$837.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $29M |
| Net Debt | -$103M |
