| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $331M | $332M | $296M | -0.2% | 11.9% |
| Op. Income | $22M | $40M | $16M | -44.7% | 34.2% |
| Gross Margin | 19.3% | 23.6% | 17.1% | -4.3pp | 2.2pp |
| Net Margin | 5.3% | 9.5% | 4.6% | -4.1pp | 0.8pp |
| EPS (Diluted) | $0.67 | $1.21 | $0.52 | -44.6% | 28.8% |
| Free Cash Flow | $33M | $153M | $34M | -78.4% | -1.1% |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $267M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $42M |
| Operating Expenses | $42M |
| Cost & Expenses | $309M |
| OPERATING INCOME | $22M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $2M |
| EBIT | $24M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $331M |
| Cost of Revenue | $267M |
| GROSS PROFIT | $64M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $42M |
| Operating Expenses | $42M |
| Cost & Expenses | $309M |
| OPERATING INCOME | $22M |
| Interest Income | $21M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $22M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | $18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $18M |
| D&A | $2M |
| EBIT | $24M |
| EBITDA | $27M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$48M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$732.0K |
| Common Dividends Paid | -$4M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $590.0K |
| Net Receivables | $453M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $637M |
| PP&E (Net) | $136M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $3.5B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $117M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.6B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.7B |
| Common Stock | $25.0K |
| Additional Paid-In Capital | $217M |
| Retained Earnings | $634M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $818M |
| Minority Interest | $0 |
| TOTAL EQUITY | $818M |
| TOTAL LIABILITIES & EQUITY | $3.5B |
| Total Debt | $117M |
| Net Debt | -$67M |
