| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $143M | $174M | -15.4% | -30.4% |
| Op. Income | -$29M | -$27M | -$2M | -6.2% | -1064.3% |
| Gross Margin | 55.5% | 68.2% | 73.3% | -12.7pp | -17.8pp |
| Net Margin | -14.4% | -4.3% | -0.8% | -10.1pp | -13.6pp |
| EPS (Diluted) | $-0.17 | $-0.06 | $-0.01 | -190.1% | -1123.0% |
| Free Cash Flow | $16M | $5M | $25M | 228.1% | -37.3% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $67M |
| R&D Expenses | $29M |
| Selling & Marketing | $25M |
| General & Administrative | $38M |
| SG&A Expenses | $63M |
| Other Expenses | $4M |
| Operating Expenses | $96M |
| Cost & Expenses | $150M |
| OPERATING INCOME | -$29M |
| Interest Income | $0 |
| Interest Expense | $467.0K |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $32M |
| EBIT | -$16M |
| EBITDA | $16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $15.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$793.0K |
| Sales/Maturities of Investments | $284M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $275M |
| Net Debt Issuance | -$416M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$469.0K |
| NET CASH FROM FINANCING | -$417M |
| FREE CASH FLOW | $16M |
| Net Change in Cash | -$117M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $44M |
| Short-Term Investments | $44M |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $210M |
| PP&E (Net) | $166M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $38M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $229M |
| TOTAL ASSETS | $439M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $45M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $171M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $82M |
| TOTAL LIABILITIES | $253M |
| Common Stock | $105.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$907M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$33M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $186M |
| Minority Interest | $0 |
| TOTAL EQUITY | $186M |
| TOTAL LIABILITIES & EQUITY | $439M |
| Total Debt | $85M |
| Net Debt | $41M |
