| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $418M | $409M | $465M | 2.2% | -10.1% |
| Op. Income | $66M | $39M | $48M | 69.2% | 37.5% |
| Gross Margin | 59.3% | 59.4% | 61.1% | -0.1pp | -1.7pp |
| Net Margin | 10.5% | 6.1% | 4.3% | 4.4pp | 6.2pp |
| EPS (Diluted) | $0.45 | $0.26 | $0.20 | 73.1% | 125.0% |
| Free Cash Flow | $7M | $148M | $21M | -95.3% | -66.7% |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $248M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $66M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $20M |
| EBIT | $65M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $418M |
| Cost of Revenue | $170M |
| GROSS PROFIT | $248M |
| R&D Expenses | $66M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $116M |
| Other Expenses | $0 |
| Operating Expenses | $182M |
| Cost & Expenses | $352M |
| OPERATING INCOME | $66M |
| Interest Income | $3M |
| Interest Expense | $7M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | $58M |
| Income Tax Expense | $14M |
| Net Income from Continuing Ops | $44M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $44M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $44M |
| D&A | $20M |
| EBIT | $65M |
| EBITDA | $85M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $44M |
| Depreciation & Amortization | $20M |
| Stock-Based Compensation | $22M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$88M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$22M |
| Common Stock Repurchased | -$44M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$68M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $368M |
| Short-Term Investments | $0 |
| Net Receivables | $307M |
| Inventory | $13M |
| Other Current Assets | $103M |
| TOTAL CURRENT ASSETS | $791M |
| PP&E (Net) | $209M |
| Goodwill | $396M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $219M |
| Other Non-Current Assets | $137M |
| TOTAL NON-CURRENT ASSETS | $961M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $100M |
| Short-Term Debt | $25M |
| Deferred Revenue | $550M |
| Other Current Liabilities | $128M |
| TOTAL CURRENT LIABILITIES | $946M |
| Long-Term Debt | $449M |
| Deferred Revenue NC | $11M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $130M |
| TOTAL NON-CURRENT LIABILITIES | $648M |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $1M |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$144M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $158M |
| Minority Interest | $0 |
| TOTAL EQUITY | $158M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $588M |
| Net Debt | $220M |
