| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $48M | $47M | -7.6% | -6.7% |
| Op. Income | $4M | $6M | $5M | -37.5% | -18.6% |
| Gross Margin | 66.7% | 65.1% | 66.4% | 1.6pp | 0.3pp |
| Net Margin | 6.9% | 11.0% | 6.4% | -4.0pp | 0.5pp |
| EPS (Diluted) | $0.17 | $0.28 | $0.16 | -39.3% | 6.3% |
| Free Cash Flow | $26M | $23M | -$10M | 14.7% | 356.4% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $723.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $23M |
| Operating Expenses | $25M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $4M |
| Interest Income | $28M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $845.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $711.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $29M |
| R&D Expenses | $0 |
| Selling & Marketing | $723.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $23M |
| Operating Expenses | $25M |
| Cost & Expenses | $40M |
| OPERATING INCOME | $4M |
| Interest Income | $28M |
| Interest Expense | $15M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $845.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $711.0K |
| EBIT | $4M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $711.0K |
| Stock-Based Compensation | $82.0K |
| Deferred Income Tax | $98.0K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$265.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $25M |
| NET CASH FROM INVESTING | $17M |
| Net Debt Issuance | -$51M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $17M |
| NET CASH FROM FINANCING | -$40M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $214M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $19M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1.8B |
| Tax Assets | $0 |
| Other Non-Current Assets | $143M |
| TOTAL NON-CURRENT ASSETS | $1.9B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $0 |
| Short-Term Debt | $206M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1.4B |
| TOTAL CURRENT LIABILITIES | $1.6B |
| Long-Term Debt | $190M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $57M |
| TOTAL NON-CURRENT LIABILITIES | $247M |
| TOTAL LIABILITIES | $1.8B |
| Common Stock | $193.0K |
| Additional Paid-In Capital | $90M |
| Retained Earnings | $278M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | -$10M |
| TOTAL STOCKHOLDERS' EQUITY | $341M |
| Minority Interest | $0 |
| TOTAL EQUITY | $341M |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $396M |
| Net Debt | $358M |
