| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $166M | $135M | -30.1% | -14.3% |
| Op. Income | -$4M | -$70M | $6M | 93.8% | -170.8% |
| Gross Margin | 26.1% | 13.8% | 31.4% | 12.3pp | -5.3pp |
| Net Margin | -7.3% | -54.6% | 1.1% | 47.3pp | -8.5pp |
| EPS (Diluted) | $-0.30 | $-3.21 | $0.06 | 90.7% | -600.0% |
| Free Cash Flow | -$21M | $33M | -$40M | -164.7% | 47.0% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $86M |
| GROSS PROFIT | $30M |
| R&D Expenses | $6M |
| Selling & Marketing | $11M |
| General & Administrative | $15M |
| SG&A Expenses | $26M |
| Other Expenses | $3M |
| Operating Expenses | $35M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $387.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $5M |
| EBIT | -$5M |
| EBITDA | $200.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $559.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$458.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$446.0K |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | -$11.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$355.0K |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$709.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $173M |
| Inventory | $185M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $378M |
| PP&E (Net) | $75M |
| Goodwill | $20M |
| Intangible Assets | $148M |
| Long-Term Investments | $0 |
| Tax Assets | $1M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $254M |
| TOTAL ASSETS | $632M |
| Account Payables | $94M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $213M |
| Long-Term Debt | $167M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $191M |
| TOTAL LIABILITIES | $404M |
| Common Stock | $3M |
| Additional Paid-In Capital | $116M |
| Retained Earnings | $196M |
| Treasury Stock | -$71M |
| Accum. Other Comp. Income | -$17M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $227M |
| Minority Interest | $0 |
| TOTAL EQUITY | $227M |
| TOTAL LIABILITIES & EQUITY | $632M |
| Total Debt | $187M |
| Net Debt | $175M |
