| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $86M | $73M | 1.9% | 20.6% |
| Op. Income | -$28M | $4M | -$5M | -789.6% | -410.5% |
| Gross Margin | 81.4% | 81.3% | 81.0% | 0.1pp | 0.4pp |
| Net Margin | -29.4% | 11.1% | -3.5% | -40.5pp | -25.9pp |
| EPS (Diluted) | $-0.90 | $0.32 | $-0.09 | -381.3% | -900.0% |
| Free Cash Flow | -$11M | $17M | -$16M | -164.2% | 32.6% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $72M |
| R&D Expenses | $13M |
| Selling & Marketing | $37M |
| General & Administrative | $22M |
| SG&A Expenses | $59M |
| Other Expenses | $28M |
| Operating Expenses | $100M |
| Cost & Expenses | $116M |
| OPERATING INCOME | -$28M |
| Interest Income | $3M |
| Interest Expense | $17.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$423.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $30M |
| EBIT | -$26M |
| EBITDA | $4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$770.0K |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | -$20M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$48M |
| Sales/Maturities of Investments | $36M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | -$26.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $185M |
| Net Receivables | $56M |
| Inventory | $7M |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $349M |
| PP&E (Net) | $67M |
| Goodwill | $11M |
| Intangible Assets | $67M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $152M |
| TOTAL ASSETS | $502M |
| Account Payables | $9M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $19M |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $837.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $24M |
| TOTAL LIABILITIES | $61M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $666M |
| Retained Earnings | -$226M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $131.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $440M |
| Minority Interest | $0 |
| TOTAL EQUITY | $440M |
| TOTAL LIABILITIES & EQUITY | $502M |
| Total Debt | $26M |
| Net Debt | -$64M |
