| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $351M | $547M | $341M | -35.8% | 2.9% |
| Op. Income | $22M | $83M | $26M | -73.7% | -16.1% |
| Gross Margin | 57.4% | 59.7% | 57.1% | -2.3pp | 0.4pp |
| Net Margin | 4.7% | 9.7% | 4.6% | -5.0pp | 0.1pp |
| EPS (Diluted) | $0.20 | $0.63 | $0.18 | -68.3% | 11.1% |
| Free Cash Flow | -$96M | $181M | -$126M | -152.9% | 23.7% |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $202M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $22M |
| Interest Income | $308.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $13M |
| EBIT | $22M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $351M |
| Cost of Revenue | $149M |
| GROSS PROFIT | $202M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $180M |
| Other Expenses | $0 |
| Operating Expenses | $180M |
| Cost & Expenses | $329M |
| OPERATING INCOME | $22M |
| Interest Income | $308.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $23M |
| Income Tax Expense | $7M |
| Net Income from Continuing Ops | $17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $17M |
| D&A | $13M |
| EBIT | $22M |
| EBITDA | $35M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $17M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$122M |
| OPERATING CASH FLOW | -$80M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$96M |
| Net Change in Cash | -$100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $259M |
| Short-Term Investments | $0 |
| Net Receivables | $121M |
| Inventory | $331M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $767M |
| PP&E (Net) | $220M |
| Goodwill | $72M |
| Intangible Assets | $174M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $471M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $138M |
| Short-Term Debt | $6M |
| Deferred Revenue | $10M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $297M |
| Long-Term Debt | $71M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $176M |
| TOTAL LIABILITIES | $474M |
| Common Stock | $896.0K |
| Additional Paid-In Capital | $435M |
| Retained Earnings | $631M |
| Treasury Stock | -$302M |
| Accum. Other Comp. Income | -$253.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $764M |
| Minority Interest | $0 |
| TOTAL EQUITY | $764M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $183M |
| Net Debt | -$76M |
