| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | — | $81M | — | 49.9% |
| Op. Income | -$58M | — | -$92M | — | 37.2% |
| Gross Margin | 47.2% | — | 32.4% | — | 14.8pp |
| Net Margin | -84.8% | — | -137.6% | — | 52.8pp |
| EPS (Diluted) | $-0.40 | — | $-0.53 | — | 24.5% |
| Free Cash Flow | -$34M | — | -$76M | — | 55.0% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $57M |
| R&D Expenses | $23M |
| Selling & Marketing | $39M |
| General & Administrative | $53M |
| SG&A Expenses | $92M |
| Other Expenses | $1.0K |
| Operating Expenses | $115M |
| Cost & Expenses | $179M |
| OPERATING INCOME | -$58M |
| Interest Income | $503.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$45M |
| INCOME BEFORE TAX | -$103M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$103M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$103M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$103M |
| D&A | $7M |
| EBIT | -$90M |
| EBITDA | -$83M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$103M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $36M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$22.0K |
| Common Stock Repurchased | -$22.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$34M |
| Net Change in Cash | -$33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $31M |
| Short-Term Investments | $2M |
| Net Receivables | $80M |
| Inventory | $37M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $171M |
| PP&E (Net) | $62M |
| Goodwill | $19M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $39M |
| TOTAL NON-CURRENT ASSETS | $120M |
| TOTAL ASSETS | $292M |
| Account Payables | $24M |
| Short-Term Debt | $60M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $33M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $317M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2.4B |
| TOTAL NON-CURRENT LIABILITIES | $2.7B |
| TOTAL LIABILITIES | $2.9B |
| Common Stock | $38.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$2.6B |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $245.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2.6B |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2.6B |
| TOTAL LIABILITIES & EQUITY | $292M |
| Total Debt | $420M |
| Net Debt | $389M |
