| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $462M | $337M | $347M | 37.2% | 33.3% |
| Op. Income | -$1M | -$21M | -$23M | 94.1% | 94.4% |
| Gross Margin | 23.6% | 27.9% | 23.6% | -4.3pp | -0.0pp |
| Net Margin | -0.3% | -6.6% | -5.5% | 6.3pp | 5.3pp |
| EPS (Diluted) | $-0.00 | $-0.04 | $-0.04 | 94.2% | 93.5% |
| Free Cash Flow | -$16M | -$86M | $25M | 80.9% | -164.6% |
| Item | Amount |
|---|---|
| REVENUE | $462M |
| Cost of Revenue | $353M |
| GROSS PROFIT | $109M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $110M |
| SG&A Expenses | $110M |
| Other Expenses | $466.0K |
| Operating Expenses | $110M |
| Cost & Expenses | $464M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $466.0K |
| EBIT | -$1M |
| EBITDA | -$808.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $466.0K |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $61.0K |
| Change in Working Capital | -$42M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$185.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $42M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$32M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$32M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$39M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $155M |
| Short-Term Investments | $5M |
| Net Receivables | $138M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $331M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $231M |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $252M |
| TOTAL ASSETS | $584M |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $216M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $32M |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $50.0K |
| Additional Paid-In Capital | $2.6B |
| Retained Earnings | -$2.2B |
| Treasury Stock | -$63M |
| Accum. Other Comp. Income | -$74.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $336M |
| Minority Interest | $0 |
| TOTAL EQUITY | $336M |
| TOTAL LIABILITIES & EQUITY | $584M |
| Total Debt | $0 |
| Net Debt | -$155M |
