| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $107M | $88M | -17.1% | 0.2% |
| Op. Income | -$1M | $10M | $4M | -111.5% | -125.8% |
| Gross Margin | 32.8% | 34.0% | 36.2% | -1.2pp | -3.4pp |
| Net Margin | -1.1% | 3.4% | 0.5% | -4.5pp | -1.6pp |
| EPS (Diluted) | $-0.01 | $0.04 | $0.00 | -124.9% | -317.4% |
| Free Cash Flow | -$1M | -$3M | $3M | 56.9% | -149.5% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $60M |
| GROSS PROFIT | $29M |
| R&D Expenses | $8M |
| Selling & Marketing | $12M |
| General & Administrative | $5M |
| SG&A Expenses | $18M |
| Other Expenses | $4M |
| Operating Expenses | $30M |
| Cost & Expenses | $90M |
| OPERATING INCOME | -$1M |
| Interest Income | $990.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $990.0K |
| INCOME BEFORE TAX | -$100.0K |
| Income Tax Expense | $880.0K |
| Net Income from Continuing Ops | -$980.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$980.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$980.0K |
| D&A | $3M |
| EBIT | $3M |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$980.0K |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $650.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10.0K |
| Change in Working Capital | -$402.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$7M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$538.0K |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $508.0K |
| NET CASH FROM FINANCING | $508.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $28M |
| Short-Term Investments | $0 |
| Net Receivables | $164M |
| Inventory | $62M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $254M |
| PP&E (Net) | $54M |
| Goodwill | $11M |
| Intangible Assets | $22M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $346M |
| Account Payables | $89M |
| Short-Term Debt | $25M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $150M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $29M |
| TOTAL LIABILITIES | $179M |
| Common Stock | $232.0K |
| Additional Paid-In Capital | $450M |
| Retained Earnings | -$252M |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $167M |
| Minority Interest | $0 |
| TOTAL EQUITY | $167M |
| TOTAL LIABILITIES & EQUITY | $346M |
| Total Debt | $41M |
| Net Debt | $13M |
