| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $278M | $274M | $227M | 1.3% | 22.1% |
| Op. Income | $34M | $22M | $24M | 56.0% | 45.3% |
| Gross Margin | 40.4% | 39.9% | 42.4% | 0.6pp | -2.0pp |
| Net Margin | 7.6% | 3.2% | 5.1% | 4.4pp | 2.5pp |
| EPS (Diluted) | $0.23 | $0.10 | $0.13 | 141.9% | 76.9% |
| Free Cash Flow | $22M | $20M | $48M | 7.0% | -54.2% |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $165M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $78M |
| Operating Expenses | $78M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $15M |
| EBIT | $34M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $278M |
| Cost of Revenue | $165M |
| GROSS PROFIT | $112M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $78M |
| Operating Expenses | $78M |
| Cost & Expenses | $244M |
| OPERATING INCOME | $34M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $21M |
| D&A | $15M |
| EBIT | $34M |
| EBITDA | $49M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $21M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $74.0K |
| Other Non-Cash Items | $402.0K |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$14M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$14M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | $22M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $197M |
| Short-Term Investments | $0 |
| Net Receivables | $207M |
| Inventory | $0 |
| Other Current Assets | $52M |
| TOTAL CURRENT ASSETS | $456M |
| PP&E (Net) | $128M |
| Goodwill | $218M |
| Intangible Assets | $168M |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $530M |
| TOTAL ASSETS | $985M |
| Account Payables | $56M |
| Short-Term Debt | $16M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $159M |
| Long-Term Debt | $236M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $306M |
| TOTAL LIABILITIES | $465M |
| Common Stock | $1M |
| Additional Paid-In Capital | $731M |
| Retained Earnings | -$23M |
| Treasury Stock | -$172M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $520M |
| Minority Interest | $0 |
| TOTAL EQUITY | $520M |
| TOTAL LIABILITIES & EQUITY | $985M |
| Total Debt | $306M |
| Net Debt | $109M |
