| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $122M | $97M | 18.0% | 48.2% |
| Op. Income | $27M | $9M | $12M | 217.5% | 120.9% |
| Gross Margin | 61.5% | 59.2% | 61.8% | 2.3pp | -0.3pp |
| Net Margin | 17.9% | 5.6% | 12.6% | 12.3pp | 5.3pp |
| EPS (Diluted) | $0.70 | $0.19 | $0.35 | 268.4% | 100.0% |
| Free Cash Flow | -$30M | $6M | -$48M | -593.5% | 37.2% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $88M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$767.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $994.0K |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $6M |
| EBIT | $30M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $55M |
| GROSS PROFIT | $88M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $44M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $116M |
| OPERATING INCOME | $27M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$767.0K |
| INCOME BEFORE TAX | $27M |
| Income Tax Expense | $994.0K |
| Net Income from Continuing Ops | $26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $26M |
| D&A | $6M |
| EBIT | $30M |
| EBITDA | $36M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $26M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $768.0K |
| Change in Working Capital | -$44M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$27M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $310M |
| Short-Term Investments | $0 |
| Net Receivables | $142M |
| Inventory | $43M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $506M |
| PP&E (Net) | $317M |
| Goodwill | $12M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $711.0K |
| TOTAL NON-CURRENT ASSETS | $332M |
| TOTAL ASSETS | $838M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $510M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $516M |
| TOTAL LIABILITIES | $571M |
| Common Stock | $709M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$443M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$327.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $266M |
| Minority Interest | $0 |
| TOTAL EQUITY | $266M |
| TOTAL LIABILITIES & EQUITY | $838M |
| Total Debt | $518M |
| Net Debt | $208M |
