| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $124M | $109M | -0.5% | 13.6% |
| Op. Income | -$6M | -$15M | -$11M | 59.0% | 45.5% |
| Gross Margin | 74.9% | 74.5% | 74.0% | 0.4pp | 0.9pp |
| Net Margin | -5.5% | -12.5% | -12.2% | 7.1pp | 6.7pp |
| EPS (Diluted) | $-0.14 | $-0.33 | $-0.28 | 57.6% | 50.0% |
| Free Cash Flow | -$13M | -$9M | -$25M | -49.1% | 46.4% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $93M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $76M |
| Other Expenses | $0 |
| Operating Expenses | $99M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $1M |
| Other Income/Expenses | -$554.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $239.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | -$862.0K |
| EBIT | -$5M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $615.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$287.0K |
| Common Stock Repurchased | -$10M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $134.0K |
| NET CASH FROM FINANCING | -$10M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $75M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $251M |
| PP&E (Net) | $48M |
| Goodwill | $235M |
| Intangible Assets | $54M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $340M |
| TOTAL ASSETS | $592M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $863M |
| Retained Earnings | -$409M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$230.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $455M |
| Minority Interest | $0 |
| TOTAL EQUITY | $455M |
| TOTAL LIABILITIES & EQUITY | $592M |
| Total Debt | $77M |
| Net Debt | -$22M |
