| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $196M | $197M | $179M | -0.6% | 9.1% |
| Op. Income | -$25M | -$32M | -$14M | 21.7% | -75.7% |
| Gross Margin | 55.5% | 54.2% | 54.6% | 1.3pp | 0.9pp |
| Net Margin | -10.5% | -13.6% | -4.4% | 3.1pp | -6.1pp |
| EPS (Diluted) | $-0.12 | $-0.16 | $-0.05 | 25.0% | -140.0% |
| Free Cash Flow | $14M | $600.0K | $33M | 2300.0% | -56.4% |
| Item | Amount |
|---|---|
| REVENUE | $196M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $109M |
| R&D Expenses | $31M |
| Selling & Marketing | $69M |
| General & Administrative | $33M |
| SG&A Expenses | $103M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $221M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$200.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $14M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $790M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $893M |
| PP&E (Net) | $46M |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $200M |
| Other Current Liabilities | $162M |
| TOTAL CURRENT LIABILITIES | $362M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $369M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$932M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $1.6B |
| TOTAL STOCKHOLDERS' EQUITY | $632M |
| Minority Interest | $0 |
| TOTAL EQUITY | $632M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $0 |
| Net Debt | -$790M |
