| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $131M | $119M | — | 9.9% | — |
| Op. Income | -$5M | -$12M | — | 60.1% | — |
| Gross Margin | 47.3% | 47.5% | — | -0.2pp | — |
| Net Margin | -10.8% | -15.8% | — | 5.0pp | — |
| EPS (Diluted) | $-0.13 | $-0.18 | — | 27.8% | — |
| Free Cash Flow | $1M | $5M | — | -74.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $131M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $62M |
| R&D Expenses | $10M |
| Selling & Marketing | $14M |
| General & Administrative | $43M |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $67M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $23M |
| EBIT | -$7M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $23M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$8M |
| Net Debt Issuance | -$40.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $213M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $260M |
| PP&E (Net) | $54M |
| Goodwill | $224M |
| Intangible Assets | $246M |
| Long-Term Investments | $28M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $558M |
| TOTAL ASSETS | $818M |
| Account Payables | $113M |
| Short-Term Debt | $3M |
| Deferred Revenue | $80M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $238M |
| Long-Term Debt | $401M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $666M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $901M |
| Retained Earnings | -$702M |
| Treasury Stock | -$71.0K |
| Accum. Other Comp. Income | -$47M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $152M |
| Minority Interest | $0 |
| TOTAL EQUITY | $152M |
| TOTAL LIABILITIES & EQUITY | $818M |
| Total Debt | $410M |
| Net Debt | $376M |
