| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $82M | — | $58M | — | 43.0% |
| Op. Income | $45M | — | $21M | — | 115.4% |
| Gross Margin | 60.7% | — | 57.8% | — | 2.9pp |
| Net Margin | 55.3% | — | 30.3% | — | 25.1pp |
| EPS (Diluted) | $0.23 | — | $0.09 | — | 155.6% |
| Free Cash Flow | $2M | — | $37M | — | -93.7% |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $50M |
| R&D Expenses | $262.0K |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $601.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $21M |
| EBIT | $50M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $82M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $50M |
| R&D Expenses | $262.0K |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $38M |
| OPERATING INCOME | $45M |
| Interest Income | $0 |
| Interest Expense | $601.0K |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | $50M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $21M |
| EBIT | $50M |
| EBITDA | $71M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $46M |
| Depreciation & Amortization | $85.0K |
| Stock-Based Compensation | $292.0K |
| Deferred Income Tax | $4M |
| Other Non-Cash Items | $19M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | $66M |
| Capital Expenditure | -$64M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$64M |
| Net Debt Issuance | -$108.0K |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | -$11M |
| Other Financing Activities | -$664.0K |
| NET CASH FROM FINANCING | -$20M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $4M |
| Net Receivables | $16M |
| Inventory | $5M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $59M |
| PP&E (Net) | $1.7B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $8M |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $1.8B |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $1.7B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $7M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $15M |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $2M |
| Net Debt | -$17M |
