| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $99M | $97M | $97M | 1.7% | 1.6% |
| Op. Income | $2M | $3M | $25M | -19.6% | -91.5% |
| Gross Margin | 64.2% | 63.2% | 64.6% | 1.0pp | -0.4pp |
| Net Margin | -0.5% | -16.9% | 7.7% | 16.4pp | -8.2pp |
| EPS (Diluted) | $-0.01 | $-0.39 | $0.18 | 96.9% | -106.6% |
| Free Cash Flow | -$21M | $9M | -$9M | -336.3% | -126.2% |
| Item | Amount |
|---|---|
| REVENUE | $99M |
| Cost of Revenue | $35M |
| GROSS PROFIT | $64M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $55M |
| Other Expenses | $0 |
| Operating Expenses | $61M |
| Cost & Expenses | $97M |
| OPERATING INCOME | $2M |
| Interest Income | $144.0K |
| Interest Expense | $8M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$505.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$505.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$504.0K |
| D&A | $5M |
| EBIT | $5M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$505.0K |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$66.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$178.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $82M |
| Other Current Assets | $72M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $77M |
| Goodwill | $245M |
| Intangible Assets | $152M |
| Long-Term Investments | $0 |
| Tax Assets | $684.0K |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $500M |
| TOTAL ASSETS | $791M |
| Account Payables | $12M |
| Short-Term Debt | $135.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $315M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $445M |
| TOTAL LIABILITIES | $497M |
| Common Stock | $442.0K |
| Additional Paid-In Capital | $389M |
| Retained Earnings | -$62M |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $294M |
| Minority Interest | $0 |
| TOTAL EQUITY | $294M |
| TOTAL LIABILITIES & EQUITY | $791M |
| Total Debt | $362M |
| Net Debt | $325M |
