| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $121M | $121M | -4.3% | -3.6% |
| Op. Income | -$11M | -$6M | -$14M | -64.2% | 24.4% |
| Gross Margin | 63.0% | 62.7% | 60.6% | 0.3pp | 2.5pp |
| Net Margin | -8.6% | -4.0% | -9.7% | -4.6pp | 1.0pp |
| EPS (Diluted) | $-0.06 | $-0.03 | $-0.07 | -105.0% | 12.8% |
| Free Cash Flow | -$251.0K | -$3M | -$14M | 92.1% | 98.2% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $73M |
| R&D Expenses | $0 |
| Selling & Marketing | $20M |
| General & Administrative | $63M |
| SG&A Expenses | $84M |
| Other Expenses | $0 |
| Operating Expenses | $84M |
| Cost & Expenses | $127M |
| OPERATING INCOME | -$11M |
| Interest Income | $1M |
| Interest Expense | $711.0K |
| Other Income/Expenses | $553.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $3M |
| EBIT | -$9M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$54.0K |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $40.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$251.0K |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $118M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $80M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $212M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $11M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $288M |
| Account Payables | $11M |
| Short-Term Debt | $5M |
| Deferred Revenue | $27M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $160M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $495M |
| Retained Earnings | -$357M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $128M |
| Minority Interest | $0 |
| TOTAL EQUITY | $128M |
| TOTAL LIABILITIES & EQUITY | $288M |
| Total Debt | $87M |
| Net Debt | -$31M |
