| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $51M | $55M | $138M | -7.1% | -63.2% |
| Op. Income | -$6M | -$9M | $59M | 34.0% | -109.9% |
| Gross Margin | 63.9% | 62.7% | 80.6% | 1.2pp | -16.7pp |
| Net Margin | -47.7% | -37.3% | 17.2% | -10.5pp | -65.0pp |
| EPS (Diluted) | $-0.57 | $13.56 | $0.53 | -104.2% | -207.5% |
| Free Cash Flow | $8M | $5M | -$4M | 69.1% | 310.7% |
| Item | Amount |
|---|---|
| REVENUE | $51M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $33M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $38M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $3M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$13M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $5M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $15M |
| OPERATING CASH FLOW | $9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | -$374.0K |
| NET CASH FROM INVESTING | $759.0K |
| Net Debt Issuance | -$27M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$27M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $4M |
| Net Receivables | $48M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $200M |
| PP&E (Net) | $43M |
| Goodwill | $289M |
| Intangible Assets | $1M |
| Long-Term Investments | $3M |
| Tax Assets | $46M |
| Other Non-Current Assets | $36M |
| TOTAL NON-CURRENT ASSETS | $417M |
| TOTAL ASSETS | $618M |
| Account Payables | $8M |
| Short-Term Debt | $60M |
| Deferred Revenue | $48M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $152M |
| Long-Term Debt | $196M |
| Deferred Revenue NC | $113M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $497M |
| Common Stock | $430.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$946M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$30M |
| Other Equity | $1.1B |
| TOTAL STOCKHOLDERS' EQUITY | $121M |
| Minority Interest | $0 |
| TOTAL EQUITY | $121M |
| TOTAL LIABILITIES & EQUITY | $618M |
| Total Debt | $270M |
| Net Debt | $166M |
