| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $135M | $131M | $102M | 3.4% | 33.1% |
| Op. Income | -$40M | -$31M | -$42M | -29.6% | 4.3% |
| Gross Margin | 67.1% | 67.2% | 67.9% | -0.1pp | -0.8pp |
| Net Margin | -26.3% | -21.6% | -38.1% | -4.7pp | 11.8pp |
| EPS (Diluted) | $-0.35 | $-0.29 | $-0.40 | -20.7% | 12.5% |
| Free Cash Flow | $11M | -$4M | $22M | 423.3% | -47.2% |
| Item | Amount |
|---|---|
| REVENUE | $135M |
| Cost of Revenue | $45M |
| GROSS PROFIT | $91M |
| R&D Expenses | $34M |
| Selling & Marketing | $70M |
| General & Administrative | $27M |
| SG&A Expenses | $97M |
| Other Expenses | $0 |
| Operating Expenses | $131M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$40M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $798.0K |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $2M |
| EBIT | -$40M |
| EBITDA | -$38M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$37.0K |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $19M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $11M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $78M |
| Short-Term Investments | $409M |
| Net Receivables | $87M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $599M |
| PP&E (Net) | $116M |
| Goodwill | $28M |
| Intangible Assets | $3M |
| Long-Term Investments | $530.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $217M |
| TOTAL ASSETS | $816M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $229M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $306M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $74M |
| TOTAL LIABILITIES | $380M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $958M |
| Retained Earnings | -$519M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $436M |
| Minority Interest | $126.0K |
| TOTAL EQUITY | $436M |
| TOTAL LIABILITIES & EQUITY | $816M |
| Total Debt | $88M |
| Net Debt | $9M |
