| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $71M | $50M | -7.7% | 32.8% |
| Op. Income | -$25M | -$8M | -$32M | -221.4% | 22.4% |
| Gross Margin | 86.6% | 90.3% | 93.4% | -3.7pp | -6.8pp |
| Net Margin | -38.1% | -15.1% | -71.4% | -22.9pp | 33.3pp |
| EPS (Diluted) | $-0.20 | $-0.09 | $-0.32 | -124.2% | 37.5% |
| Free Cash Flow | -$31M | -$6M | -$32M | -439.1% | 1.9% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $57M |
| R&D Expenses | $18M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $64M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$252.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $279.0K |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$543.0K |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$608.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $395.0K |
| NET CASH FROM FINANCING | $395.0K |
| FREE CASH FLOW | -$31M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $145M |
| Net Receivables | $85M |
| Inventory | $17M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $324M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $596.0K |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $344M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $91M |
| Long-Term Debt | $108M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $360.0K |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $201M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$140.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $143M |
| Minority Interest | $0 |
| TOTAL EQUITY | $143M |
| TOTAL LIABILITIES & EQUITY | $344M |
| Total Debt | $111M |
| Net Debt | $58M |
