| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $57M | $45M | -27.9% | -7.6% |
| Op. Income | -$15M | $3M | -$11M | -601.5% | -39.5% |
| Gross Margin | 48.6% | 58.5% | 51.3% | -9.9pp | -2.7pp |
| Net Margin | -27.5% | 16.8% | -13.8% | -44.3pp | -13.8pp |
| EPS (Diluted) | $-0.09 | $0.07 | $-0.05 | -224.0% | -91.1% |
| Free Cash Flow | -$976.0K | $1M | $3M | -189.2% | -129.3% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $20M |
| R&D Expenses | $10M |
| Selling & Marketing | $13M |
| General & Administrative | $13M |
| SG&A Expenses | $25M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$15M |
| Interest Income | $508.0K |
| Interest Expense | $291.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $136.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $3M |
| EBIT | -$11M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$336.0K |
| Other Non-Cash Items | -$930.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$125.0K |
| Capital Expenditure | -$851.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$60M |
| Sales/Maturities of Investments | $70M |
| Other Investing Activities | $31.0K |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | -$828.0K |
| Common Stock Repurchased | -$11M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$90.0K |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | -$976.0K |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $95M |
| Short-Term Investments | $170M |
| Net Receivables | $55M |
| Inventory | $45M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $381M |
| PP&E (Net) | $28M |
| Goodwill | $17M |
| Intangible Assets | $19M |
| Long-Term Investments | $0 |
| Tax Assets | $34M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $483M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $29M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $918.0K |
| Deferred Revenue NC | $16M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $103M |
| Common Stock | $128.0K |
| Additional Paid-In Capital | $427M |
| Retained Earnings | -$47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$609.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $380M |
| Minority Interest | $0 |
| TOTAL EQUITY | $380M |
| TOTAL LIABILITIES & EQUITY | $483M |
| Total Debt | $16M |
| Net Debt | -$79M |
