| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $110M | $92M | -16.4% | 0.5% |
| Op. Income | -$4M | -$4M | -$7M | 13.8% | 45.7% |
| Gross Margin | 28.3% | 28.4% | 28.3% | -0.1pp | -0.0pp |
| Net Margin | -6.8% | -4.1% | -9.4% | -2.7pp | 2.6pp |
| EPS (Diluted) | $-0.48 | $-0.35 | $-0.67 | -37.1% | 28.4% |
| Free Cash Flow | $7M | $5M | -$5M | 52.5% | 240.8% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $66M |
| GROSS PROFIT | $26M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $30M |
| Cost & Expenses | $96M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$301.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $4M |
| EBIT | -$4M |
| EBITDA | $297.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$90.0K |
| Other Non-Cash Items | $19.0K |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$1M |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | -$703.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$383.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $606.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $77M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $23M |
| Long-Term Investments | $0 |
| Tax Assets | $7M |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $311M |
| Account Payables | $69M |
| Short-Term Debt | $31M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $149M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $798.0K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $258.0K |
| Additional Paid-In Capital | $347M |
| Retained Earnings | $202M |
| Treasury Stock | -$372M |
| Accum. Other Comp. Income | -$27M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $311M |
| Total Debt | $43M |
| Net Debt | $16M |
