| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $57M | $46M | $33M | 23.3% | 75.8% |
| Op. Income | $14M | -$14M | -$15M | 194.5% | 190.5% |
| Gross Margin | 86.7% | 56.2% | 91.7% | 30.5pp | -5.0pp |
| Net Margin | 10.7% | -49.0% | -55.2% | 59.7pp | 65.8pp |
| EPS (Diluted) | $0.03 | $-0.10 | $-0.09 | 125.3% | 128.1% |
| Free Cash Flow | -$14M | -$4M | -$19M | -204.5% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $50M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $701.0K |
| Operating Expenses | $36M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $314.0K |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $57M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $50M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $701.0K |
| Operating Expenses | $36M |
| Cost & Expenses | $44M |
| OPERATING INCOME | $14M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $314.0K |
| EBIT | $14M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $314.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $172.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $154.0K |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | -$63.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $482.0K |
| NET CASH FROM FINANCING | $75M |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $62M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $113M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $20M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $204M |
| PP&E (Net) | $9M |
| Goodwill | $59M |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $106M |
| TOTAL ASSETS | $310M |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $47M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $146M |
| TOTAL NON-CURRENT LIABILITIES | $194M |
| TOTAL LIABILITIES | $286M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $310M |
| Total Debt | $54M |
| Net Debt | -$59M |
