| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $142M | $130M | $99M | 9.1% | 43.8% |
| Op. Income | $42M | $42M | $18M | 0.1% | 129.8% |
| Gross Margin | 95.4% | 95.2% | 94.3% | 0.2pp | 1.1pp |
| Net Margin | 30.4% | 32.9% | 19.7% | -2.5pp | 10.7pp |
| EPS (Diluted) | $6.15 | $12.16 | $1.32 | -49.4% | 364.8% |
| Free Cash Flow | $0 | $40M | — | -100.0% | — |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $135M |
| R&D Expenses | $11M |
| Selling & Marketing | $72M |
| General & Administrative | $10M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $42M |
| Interest Income | $763.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $981.6K |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| REVENUE | $142M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $135M |
| R&D Expenses | $11M |
| Selling & Marketing | $72M |
| General & Administrative | $10M |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $93M |
| Cost & Expenses | $99M |
| OPERATING INCOME | $42M |
| Interest Income | $763.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $44M |
| Income Tax Expense | $981.6K |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $46M |
| D&A | $0 |
| EBIT | $42M |
| EBITDA | $42M |
| EPS | $6 |
| EPS Diluted | $6 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$46M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$280M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $327M |
| Short-Term Investments | $75M |
| Net Receivables | $49M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $459M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $475M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $497M |
| TOTAL NON-CURRENT LIABILITIES | $504M |
| TOTAL LIABILITIES | $665M |
| Common Stock | $10.4K |
| Additional Paid-In Capital | $32M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$190M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$190M |
| TOTAL LIABILITIES & EQUITY | $475M |
| Total Debt | $2M |
| Net Debt | -$324M |
