| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $173M | $373M | -28.7% | -66.9% |
| Op. Income | -$13M | -$56M | -$11M | 77.0% | -17.3% |
| Gross Margin | 72.9% | 74.6% | 48.0% | -1.6pp | 24.9pp |
| Net Margin | -33.5% | -32.4% | -2.9% | -1.2pp | -30.6pp |
| EPS (Diluted) | $-0.07 | $-0.10 | $-0.02 | 26.3% | -271.4% |
| Free Cash Flow | -$18M | -$19M | $89M | 5.3% | -120.2% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $90M |
| R&D Expenses | $31M |
| Selling & Marketing | $24M |
| General & Administrative | $40M |
| SG&A Expenses | $64M |
| Other Expenses | $8M |
| Operating Expenses | $103M |
| Cost & Expenses | $136M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $8M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | -$25M |
| Other Adjustments | $0 |
| NET INCOME | -$41M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$41M |
| D&A | $13M |
| EBIT | -$9M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$41M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$27M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$41M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $143M |
| Short-Term Investments | $86M |
| Net Receivables | $172M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $458M |
| PP&E (Net) | $46M |
| Goodwill | $561M |
| Intangible Assets | $145M |
| Long-Term Investments | $37M |
| Tax Assets | $0 |
| Other Non-Current Assets | $76M |
| TOTAL NON-CURRENT ASSETS | $865M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $6M |
| Short-Term Debt | $20M |
| Deferred Revenue | $174M |
| Other Current Liabilities | -$9M |
| TOTAL CURRENT LIABILITIES | $321M |
| Long-Term Debt | $194M |
| Deferred Revenue NC | $32M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $260M |
| TOTAL LIABILITIES | $581M |
| Common Stock | $3.0B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $742M |
| Minority Interest | $0 |
| TOTAL EQUITY | $742M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $247M |
| Net Debt | $104M |
