| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $244M | $260M | $206M | -5.9% | 18.7% |
| Op. Income | $19M | $154M | $15M | -87.4% | 26.8% |
| Gross Margin | 91.7% | 91.6% | 88.8% | 0.1pp | 2.8pp |
| Net Margin | 7.8% | 55.4% | 8.0% | -47.6pp | -0.3pp |
| EPS (Diluted) | $0.11 | $0.86 | $0.10 | -87.2% | 10.0% |
| Free Cash Flow | -$79M | $40M | $29M | -296.6% | -370.0% |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $224M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $19M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $244M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $224M |
| R&D Expenses | $78M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $126M |
| Other Expenses | $0 |
| Operating Expenses | $205M |
| Cost & Expenses | $225M |
| OPERATING INCOME | $19M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | $28M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $19M |
| D&A | $3M |
| EBIT | $19M |
| EBITDA | $22M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $19M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$99M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$156M |
| Sales/Maturities of Investments | $131M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$124M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | -$102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $218M |
| Short-Term Investments | $464M |
| Net Receivables | $114M |
| Inventory | $23M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $871M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $117M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $261M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $18M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $303M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $367M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $3.0B |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $437.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $765M |
| Minority Interest | $0 |
| TOTAL EQUITY | $765M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $56M |
| Net Debt | -$162M |
