| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $82M | $30M | -69.3% | -17.4% |
| Op. Income | -$52M | $29M | $47M | -281.7% | -211.0% |
| Gross Margin | 49.1% | 80.9% | 46.8% | -31.9pp | 2.2pp |
| Net Margin | -229.9% | 35.4% | 164.8% | -265.3pp | -394.7pp |
| EPS (Diluted) | $-0.32 | $0.20 | $0.43 | -260.0% | -174.4% |
| Free Cash Flow | -$48M | -$80M | -$21M | 40.2% | -122.8% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $13M |
| GROSS PROFIT | $12M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $56M |
| Operating Expenses | $65M |
| Cost & Expenses | $77M |
| OPERATING INCOME | -$52M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$57M |
| Income Tax Expense | $671.7K |
| Net Income from Continuing Ops | -$58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$58M |
| D&A | $7M |
| EBIT | -$3M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$58M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $252.4K |
| Deferred Income Tax | $354.0K |
| Other Non-Cash Items | $44M |
| Change in Working Capital | $22M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$65M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$65M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$800.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | -$38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $4M |
| Net Receivables | $15M |
| Inventory | $0 |
| Other Current Assets | $84M |
| TOTAL CURRENT ASSETS | $188M |
| PP&E (Net) | $218M |
| Goodwill | $19M |
| Intangible Assets | $13M |
| Long-Term Investments | $39M |
| Tax Assets | $88.6K |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $297M |
| TOTAL ASSETS | $485M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $48M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $73.0K |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $68M |
| Common Stock | $2M |
| Additional Paid-In Capital | $566M |
| Retained Earnings | -$156M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $417M |
| Minority Interest | $0 |
| TOTAL EQUITY | $417M |
| TOTAL LIABILITIES & EQUITY | $485M |
| Total Debt | $14M |
| Net Debt | -$44M |
