| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $97M | $94M | $108M | 2.8% | -10.1% |
| Op. Income | -$27M | -$22M | -$18M | -26.4% | -52.0% |
| Gross Margin | 43.7% | 38.5% | 45.8% | 5.2pp | -2.0pp |
| Net Margin | -31.8% | -22.7% | -13.6% | -9.1pp | -18.2pp |
| EPS (Diluted) | $-0.66 | $-0.46 | $-0.31 | -43.5% | -112.9% |
| Free Cash Flow | -$21M | -$5M | -$17M | -344.5% | -22.3% |
| Item | Amount |
|---|---|
| REVENUE | $97M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $42M |
| R&D Expenses | $23M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $31M |
| Other Expenses | $15M |
| Operating Expenses | $70M |
| Cost & Expenses | $124M |
| OPERATING INCOME | -$27M |
| Interest Income | $2M |
| Interest Expense | $198.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $5M |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $13M |
| EBIT | -$22M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$889.0K |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $861.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$35M |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $29M |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$55M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $152M |
| Short-Term Investments | $49M |
| Net Receivables | $94M |
| Inventory | $139M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $479M |
| PP&E (Net) | $89M |
| Goodwill | $273M |
| Intangible Assets | $105M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $497M |
| TOTAL ASSETS | $976M |
| Account Payables | $31M |
| Short-Term Debt | $11M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $19M |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $56M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $50M |
| Additional Paid-In Capital | $695M |
| Retained Earnings | $218M |
| Treasury Stock | -$90M |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $828M |
| Minority Interest | $0 |
| TOTAL EQUITY | $828M |
| TOTAL LIABILITIES & EQUITY | $976M |
| Total Debt | $27M |
| Net Debt | -$125M |
