| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $80M | $78M | $73M | 2.3% | 10.1% |
| Op. Income | -$24M | -$36M | -$25M | 31.8% | 2.1% |
| Gross Margin | 74.7% | 74.7% | 74.0% | 0.1pp | 0.7pp |
| Net Margin | -27.8% | -41.7% | -29.5% | 13.9pp | 1.7pp |
| EPS (Diluted) | $-0.17 | $-0.26 | $-0.18 | 34.6% | 5.6% |
| Free Cash Flow | -$9M | $2M | -$1M | -704.2% | -710.7% |
| Item | Amount |
|---|---|
| REVENUE | $80M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $60M |
| R&D Expenses | $24M |
| Selling & Marketing | $44M |
| General & Administrative | $16M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $104M |
| OPERATING INCOME | -$24M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $778.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $2M |
| EBIT | -$24M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $9M |
| Other Investing Activities | -$765.0K |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $131M |
| Short-Term Investments | $78M |
| Net Receivables | $42M |
| Inventory | $0 |
| Other Current Assets | $28M |
| TOTAL CURRENT ASSETS | $286M |
| PP&E (Net) | $22M |
| Goodwill | $24M |
| Intangible Assets | $4M |
| Long-Term Investments | $74M |
| Tax Assets | $0 |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $446M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $117M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $151M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $156M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $769M |
| Retained Earnings | -$480M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $326.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $289M |
| Minority Interest | $0 |
| TOTAL EQUITY | $289M |
| TOTAL LIABILITIES & EQUITY | $446M |
| Total Debt | $5M |
| Net Debt | -$126M |
