| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $25M | $22M | -7.1% | 5.8% |
| Op. Income | -$709.0K | $312.0K | -$3M | -327.2% | 74.2% |
| Gross Margin | 69.3% | 68.5% | 69.0% | 0.8pp | 0.3pp |
| Net Margin | -1.4% | 1.0% | -11.5% | -2.4pp | 10.0pp |
| EPS (Diluted) | $-0.01 | $0.01 | $-0.07 | -244.8% | 87.1% |
| Free Cash Flow | $1M | $4M | -$3M | -61.4% | 151.3% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $16M |
| R&D Expenses | $6M |
| Selling & Marketing | $7M |
| General & Administrative | $3M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $17M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$709.0K |
| Interest Income | $500.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $673.0K |
| INCOME BEFORE TAX | -$36.0K |
| Income Tax Expense | $296.0K |
| Net Income from Continuing Ops | -$332.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$332.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$332.0K |
| D&A | $1M |
| EBIT | -$709.0K |
| EBITDA | $610.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$332.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $981.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $282.0K |
| Change in Working Capital | -$565.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$281.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$38M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $303.0K |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $238.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $50M |
| Net Receivables | $25M |
| Inventory | $8M |
| Other Current Assets | $584.0K |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $13M |
| Goodwill | $32M |
| Intangible Assets | $153.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $140M |
| Account Payables | $1M |
| Short-Term Debt | $1M |
| Deferred Revenue | $20M |
| Other Current Liabilities | -$1M |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $934.0K |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $90M |
| Common Stock | $1M |
| Additional Paid-In Capital | $319M |
| Retained Earnings | -$266M |
| Treasury Stock | -$4M |
| Accum. Other Comp. Income | -$338.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $50M |
| Minority Interest | $0 |
| TOTAL EQUITY | $50M |
| TOTAL LIABILITIES & EQUITY | $140M |
| Total Debt | $46M |
| Net Debt | $36M |
