| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $341M | $376M | $309M | -9.2% | 10.6% |
| Op. Income | $60M | $60M | $52M | 0.9% | 16.2% |
| Gross Margin | 37.0% | 37.7% | 35.9% | -0.7pp | 1.1pp |
| Net Margin | 11.2% | 7.8% | 11.5% | 3.4pp | -0.3pp |
| EPS (Diluted) | $0.38 | $0.29 | $0.35 | 31.0% | 8.6% |
| Free Cash Flow | $32M | $43M | $47M | -26.4% | -32.2% |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $60M |
| Interest Income | $776.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $341M |
| Cost of Revenue | $215M |
| GROSS PROFIT | $126M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $66M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $281M |
| OPERATING INCOME | $60M |
| Interest Income | $776.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $38M |
| D&A | $7M |
| EBIT | $56M |
| EBITDA | $62M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $38M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $734.0K |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | $32M |
| Capital Expenditure | -$307.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$669.0K |
| Net Debt Issuance | -$50M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$42M |
| FREE CASH FLOW | $32M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $122M |
| Short-Term Investments | $0 |
| Net Receivables | $150M |
| Inventory | $155M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $444M |
| PP&E (Net) | $57M |
| Goodwill | $592M |
| Intangible Assets | $1.3B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $2.0B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $59M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $41M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $348M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $169M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $553M |
| TOTAL LIABILITIES | $658M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | $525M |
| Treasury Stock | -$78M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $387M |
| Net Debt | $265M |
