| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $231M | $297M | $213M | -22.0% | 8.6% |
| Op. Income | $102M | $162M | $73M | -37.4% | 38.6% |
| Gross Margin | 57.4% | 54.0% | 46.7% | 3.3pp | 10.7pp |
| Net Margin | 33.4% | 35.9% | 29.5% | -2.4pp | 3.9pp |
| EPS (Diluted) | $0.51 | $0.73 | $0.42 | -29.5% | 23.1% |
| Free Cash Flow | $68M | $64M | -$12M | 5.9% | 649.0% |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $463.2K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $22M |
| Operating Expenses | $31M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $102M |
| Interest Income | $5M |
| Interest Expense | $11M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $29M |
| EBIT | $124M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $231M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $133M |
| R&D Expenses | $0 |
| Selling & Marketing | $463.2K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $22M |
| Operating Expenses | $31M |
| Cost & Expenses | $130M |
| OPERATING INCOME | $102M |
| Interest Income | $5M |
| Interest Expense | $11M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $36M |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $29M |
| EBIT | $124M |
| EBITDA | $153M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $29M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $36M |
| Other Non-Cash Items | -$17M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | $108M |
| Capital Expenditure | -$40M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$77M |
| NET CASH FROM INVESTING | -$117M |
| Net Debt Issuance | -$471.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$471.8K |
| FREE CASH FLOW | $68M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $654M |
| Net Receivables | $113M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $837M |
| PP&E (Net) | $1.9B |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $314.1K |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.7B |
| Account Payables | $40M |
| Short-Term Debt | $45M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $390.2K |
| TOTAL CURRENT LIABILITIES | $282M |
| Long-Term Debt | $371M |
| Deferred Revenue NC | $86M |
| Deferred Tax Liabilities | $133M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $593M |
| TOTAL LIABILITIES | $875M |
| Common Stock | $578M |
| Additional Paid-In Capital | -$17M |
| Retained Earnings | $367M |
| Treasury Stock | -$58M |
| Accum. Other Comp. Income | $955M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $1.4K |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.7B |
| Total Debt | $426M |
| Net Debt | $391M |
