| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | — | $24M | — | 21.9% |
| Op. Income | -$12M | — | -$13M | — | 9.6% |
| Gross Margin | 57.4% | — | 71.0% | — | -13.6pp |
| Net Margin | -43.4% | — | -65.2% | — | 21.9pp |
| EPS (Diluted) | $-0.67 | — | $-1.12 | — | 40.2% |
| Free Cash Flow | $23M | — | -$18M | — | 223.3% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $17M |
| R&D Expenses | $589.0K |
| Selling & Marketing | $920.0K |
| General & Administrative | $20M |
| SG&A Expenses | $21M |
| Other Expenses | $7M |
| Operating Expenses | $29M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$12M |
| Interest Income | $573.0K |
| Interest Expense | $3M |
| Other Income/Expenses | -$804.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $30.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $7M |
| EBIT | -$9M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $158.0K |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $27M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $5M |
| Common Stock Repurchased | -$492.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$31.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $55M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $121M |
| PP&E (Net) | $140M |
| Goodwill | $10M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $285M |
| Account Payables | $13M |
| Short-Term Debt | $4M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $112M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $164M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $758M |
| Retained Earnings | -$669M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $89M |
| Minority Interest | $0 |
| TOTAL EQUITY | $89M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $123M |
| Net Debt | $102M |
