| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $149M | $159M | $147M | -6.6% | 0.8% |
| Op. Income | -$5M | $3M | -$4M | -265.9% | -33.5% |
| Gross Margin | 42.9% | 45.4% | 46.7% | -2.5pp | -3.8pp |
| Net Margin | -10.4% | 32.0% | -7.5% | -42.3pp | -2.9pp |
| EPS (Diluted) | $-0.34 | $1.02 | $-0.29 | -133.3% | -17.2% |
| Free Cash Flow | $15M | -$6M | $22M | 357.6% | -33.5% |
| Item | Amount |
|---|---|
| REVENUE | $149M |
| Cost of Revenue | $85M |
| GROSS PROFIT | $64M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $59M |
| Other Expenses | $0 |
| Operating Expenses | $69M |
| Cost & Expenses | $154M |
| OPERATING INCOME | -$5M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | -$10M |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $14M |
| EBIT | -$2M |
| EBITDA | $12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $9M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $21M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $9M |
| Purchases of Investments | -$109M |
| Sales/Maturities of Investments | $143M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $37M |
| Net Debt Issuance | -$214.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $339M |
| Short-Term Investments | $73M |
| Net Receivables | $186M |
| Inventory | $82M |
| Other Current Assets | $99M |
| TOTAL CURRENT ASSETS | $780M |
| PP&E (Net) | $210M |
| Goodwill | $703M |
| Intangible Assets | $97M |
| Long-Term Investments | $156M |
| Tax Assets | $527.0K |
| Other Non-Current Assets | $129M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.1B |
| Account Payables | $39M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $153M |
| TOTAL CURRENT LIABILITIES | $267M |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $15M |
| Other Non-Current Liabilities | -$32M |
| TOTAL NON-CURRENT LIABILITIES | $92M |
| TOTAL LIABILITIES | $360M |
| Common Stock | $595.0K |
| Additional Paid-In Capital | $531M |
| Retained Earnings | $1.4B |
| Treasury Stock | -$201M |
| Accum. Other Comp. Income | -$21M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.7B |
| TOTAL LIABILITIES & EQUITY | $2.1B |
| Total Debt | $109M |
| Net Debt | -$230M |
