| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $47M | $42M | 10.5% | 25.2% |
| Op. Income | -$30M | -$34M | -$49M | 12.5% | 39.3% |
| Gross Margin | 67.6% | 62.0% | 56.9% | 5.6pp | 10.7pp |
| Net Margin | -56.9% | -71.0% | -113.5% | 14.1pp | 56.5pp |
| EPS (Diluted) | $-0.20 | $-0.23 | $-0.33 | 13.0% | 39.4% |
| Free Cash Flow | -$30M | -$13M | -$40M | -136.6% | 25.4% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $35M |
| R&D Expenses | $24M |
| Selling & Marketing | $23M |
| General & Administrative | $17M |
| SG&A Expenses | $40M |
| Other Expenses | $419.0K |
| Operating Expenses | $65M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$30M |
| Interest Income | $3M |
| Interest Expense | $3M |
| Other Income/Expenses | -$248.0K |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $3M |
| EBIT | -$33M |
| EBITDA | -$30M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $77M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $143M |
| Net Receivables | $44M |
| Inventory | $9M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $256M |
| PP&E (Net) | $88M |
| Goodwill | $119M |
| Intangible Assets | $3M |
| Long-Term Investments | $39M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $254M |
| TOTAL ASSETS | $511M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $55M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $88M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $132M |
| TOTAL NON-CURRENT LIABILITIES | $233M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $134.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $190M |
| Minority Interest | -$202.0K |
| TOTAL EQUITY | $190M |
| TOTAL LIABILITIES & EQUITY | $511M |
| Total Debt | $87M |
| Net Debt | $36M |
