| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | $19M | $20M | 50.9% | 41.4% |
| Op. Income | $10M | $2M | $5M | 438.8% | 105.7% |
| Gross Margin | 57.2% | 37.2% | 47.2% | 20.0pp | 10.0pp |
| Net Margin | 30.0% | 9.0% | 18.0% | 20.9pp | 11.9pp |
| EPS (Diluted) | $0.22 | $0.04 | $0.09 | 406.9% | 137.3% |
| Free Cash Flow | -$35M | -$63M | -$74M | 45.1% | 52.9% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $154.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $1M |
| Operating Expenses | $6M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $89.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| 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 | $415.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $154.0K |
| General & Administrative | $4M |
| SG&A Expenses | $5M |
| Other Expenses | $1M |
| Operating Expenses | $6M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $89.0K |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $10M |
| 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 | $415.0K |
| EBIT | $11M |
| EBITDA | $11M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $415.0K |
| Stock-Based Compensation | $554.0K |
| Deferred Income Tax | $777.0K |
| Other Non-Cash Items | -$52M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$34M |
| Capital Expenditure | -$144.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$23.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$35.0K |
| NET CASH FROM FINANCING | -$58.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$36M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $237M |
| Net Receivables | $88M |
| Inventory | $0 |
| Other Current Assets | $154M |
| TOTAL CURRENT ASSETS | $505M |
| PP&E (Net) | $12M |
| Goodwill | $2M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $534M |
| Account Payables | $212M |
| Short-Term Debt | $89.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $213M |
| TOTAL CURRENT LIABILITIES | $434M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $405.0K |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $440M |
| Common Stock | $414.0K |
| Additional Paid-In Capital | $47M |
| Retained Earnings | $49M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $93M |
| Minority Interest | $968.0K |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $534M |
| Total Debt | $7M |
| Net Debt | -$19M |
