| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $166M | $167M | $150M | -0.2% | 11.1% |
| Op. Income | -$834.0K | $5M | -$20M | -116.6% | 95.7% |
| Gross Margin | 76.6% | 78.6% | 74.6% | -2.0pp | 2.0pp |
| Net Margin | -0.7% | -8.2% | -22.0% | 7.5pp | 21.3pp |
| EPS (Diluted) | $-0.02 | $-0.18 | $-0.45 | 91.2% | 96.5% |
| Free Cash Flow | $44M | $13M | $17M | 231.7% | 165.9% |
| Item | Amount |
|---|---|
| REVENUE | $166M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $128M |
| R&D Expenses | $40M |
| Selling & Marketing | $55M |
| General & Administrative | $34M |
| SG&A Expenses | $89M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $167M |
| OPERATING INCOME | -$834.0K |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | $398.0K |
| INCOME BEFORE TAX | -$436.0K |
| Income Tax Expense | $741.0K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $2M |
| EBIT | $5M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$163.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $38M |
| OPERATING CASH FLOW | $45M |
| Capital Expenditure | -$651.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $44M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $135M |
| Short-Term Investments | $65M |
| Net Receivables | $136M |
| Inventory | $0 |
| Other Current Assets | $76M |
| TOTAL CURRENT ASSETS | $412M |
| PP&E (Net) | $68M |
| Goodwill | $27M |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $181M |
| TOTAL ASSETS | $593M |
| Account Payables | $7M |
| Short-Term Debt | $10M |
| Deferred Revenue | $259M |
| Other Current Liabilities | $30M |
| TOTAL CURRENT LIABILITIES | $330M |
| Long-Term Debt | $238M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $374.0K |
| TOTAL NON-CURRENT LIABILITIES | $294M |
| TOTAL LIABILITIES | $625M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $597M |
| Retained Earnings | -$613M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$32M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$32M |
| TOTAL LIABILITIES & EQUITY | $593M |
| Total Debt | $312M |
| Net Debt | $177M |
