| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $146M | $132M | $93M | 10.6% | 56.9% |
| Op. Income | $21M | -$5M | -$14M | 570.9% | 246.5% |
| Gross Margin | 96.9% | 95.3% | 98.6% | 1.5pp | -1.8pp |
| Net Margin | 0.0% | -20.4% | -38.1% | 20.4pp | 38.2pp |
| EPS (Diluted) | $0.00 | $-0.13 | $-0.17 | 100.0% | 100.0% |
| Free Cash Flow | -$28M | -$6M | -$54M | -369.8% | 48.7% |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $141M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $21M |
| Interest Income | $3M |
| Interest Expense | $23M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $758.0K |
| Income Tax Expense | $726.0K |
| Net Income from Continuing Ops | $32.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32.0K |
| D&A | $331.0K |
| EBIT | $24M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $146M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $141M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $120M |
| Cost & Expenses | $124M |
| OPERATING INCOME | $21M |
| Interest Income | $3M |
| Interest Expense | $23M |
| Other Income/Expenses | -$20M |
| INCOME BEFORE TAX | $758.0K |
| Income Tax Expense | $726.0K |
| Net Income from Continuing Ops | $32.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $32.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $32.0K |
| D&A | $331.0K |
| EBIT | $24M |
| EBITDA | $25M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $32.0K |
| Depreciation & Amortization | $331.0K |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$49M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $27M |
| Net Debt Issuance | -$516.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $529.0K |
| FREE CASH FLOW | -$28M |
| Net Change in Cash | $558.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $105M |
| Short-Term Investments | $190M |
| Net Receivables | $93M |
| Inventory | $7M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $410M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $22M |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $70M |
| TOTAL ASSETS | $480M |
| Account Payables | $10M |
| Short-Term Debt | $37M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $93M |
| TOTAL CURRENT LIABILITIES | $140M |
| Long-Term Debt | $782M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $792M |
| TOTAL LIABILITIES | $932M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$452M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$452M |
| TOTAL LIABILITIES & EQUITY | $480M |
| Total Debt | $829M |
| Net Debt | $724M |
