| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $15M | -2.7% | -21.1% |
| Op. Income | $4M | $4M | $6M | 4.8% | -30.2% |
| Gross Margin | 47.0% | 45.9% | 50.5% | 1.1pp | -3.5pp |
| Net Margin | 36.5% | 32.5% | 40.3% | 4.0pp | -3.8pp |
| EPS (Diluted) | $0.30 | $0.17 | $0.26 | 76.5% | 15.4% |
| Free Cash Flow | -$7M | $71M | $5M | -109.9% | -241.8% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $4M |
| Interest Income | $16M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $105.0K |
| NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $7M |
| OPERATING INCOME | $4M |
| Interest Income | $16M |
| Interest Expense | $6M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $105.0K |
| NET INCOME | $4M |
| D&A | $0 |
| EBIT | $4M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$47M |
| Sales/Maturities of Investments | $37M |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$9M |
| Other Financing Activities | -$945.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $130M |
| Tax Assets | $0 |
| Other Non-Current Assets | $521M |
| TOTAL NON-CURRENT ASSETS | $651M |
| TOTAL ASSETS | $679M |
| Account Payables | $2M |
| Short-Term Debt | $40M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $321M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $374.0K |
| TOTAL NON-CURRENT LIABILITIES | $322M |
| TOTAL LIABILITIES | $397M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $337M |
| Retained Earnings | -$56M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $281M |
| Minority Interest | $0 |
| TOTAL EQUITY | $281M |
| TOTAL LIABILITIES & EQUITY | $679M |
| Total Debt | $361M |
| Net Debt | $350M |
