| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $35M | $36M | -7.1% | -10.3% |
| Op. Income | -$9M | $2M | $2M | -614.5% | -551.0% |
| Gross Margin | 83.4% | 85.4% | 86.5% | -2.0pp | -3.1pp |
| Net Margin | -28.9% | 2.9% | -4.2% | -31.9pp | -24.8pp |
| EPS (Diluted) | $-0.21 | $0.02 | $-0.03 | -1025.1% | -514.0% |
| Free Cash Flow | $88.0K | $2M | -$2M | -94.4% | 103.7% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $27M |
| R&D Expenses | $4M |
| Selling & Marketing | $11M |
| General & Administrative | $7M |
| SG&A Expenses | $18M |
| Other Expenses | $14M |
| Operating Expenses | $36M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $660.0K |
| Other Income/Expenses | -$596.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$126.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | -$9M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | -$182.0K |
| Other Non-Cash Items | $7M |
| Change in Working Capital | -$667.0K |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | $88.0K |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $24M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $25M |
| Goodwill | $121M |
| Intangible Assets | $24M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $182M |
| TOTAL ASSETS | $212M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $50M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $33M |
| Deferred Revenue NC | $542.0K |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $820.0K |
| Additional Paid-In Capital | $271M |
| Retained Earnings | $23M |
| Treasury Stock | -$191M |
| Accum. Other Comp. Income | -$32.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $104M |
| Minority Interest | $0 |
| TOTAL EQUITY | $104M |
| TOTAL LIABILITIES & EQUITY | $212M |
| Total Debt | $43M |
| Net Debt | $41M |
