| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $31M | $29M | 52.9% | 64.4% |
| Op. Income | -$34M | -$30M | -$19M | -11.6% | -78.8% |
| Gross Margin | 62.5% | 65.4% | 53.4% | -2.9pp | 9.1pp |
| Net Margin | -78.9% | -124.4% | 0.9% | 45.6pp | -79.8pp |
| EPS (Diluted) | $-0.23 | $-0.58 | $0.03 | 60.3% | -921.4% |
| Free Cash Flow | -$12M | -$20M | -$2M | 39.3% | -515.6% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $30M |
| R&D Expenses | $3M |
| Selling & Marketing | $52M |
| General & Administrative | $8M |
| SG&A Expenses | $60M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $81M |
| OPERATING INCOME | -$34M |
| Interest Income | $1M |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$37M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$37M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$37M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$37M |
| D&A | $395.8K |
| EBIT | -$36M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$37M |
| Depreciation & Amortization | $395.8K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $19M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$52.0K |
| Acquisitions (Net) | -$111.0K |
| Purchases of Investments | -$3.0K |
| Sales/Maturities of Investments | $99.1K |
| Other Investing Activities | -$746.4K |
| NET CASH FROM INVESTING | -$813.2K |
| Net Debt Issuance | $13M |
| Common Stock Repurchased | -$65.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $53M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $12M |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $119M |
| Account Payables | $8M |
| Short-Term Debt | $22M |
| Deferred Revenue | $36M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $27.5K |
| Additional Paid-In Capital | $113M |
| Retained Earnings | -$121M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$8M |
| Minority Interest | $2M |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $119M |
| Total Debt | $28M |
| Net Debt | $14M |
