| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $74M | $76M | $86M | -3.4% | -14.4% |
| Op. Income | -$10M | -$8M | -$8M | -24.4% | -28.5% |
| Gross Margin | 66.9% | 68.2% | 71.0% | -1.3pp | -4.0pp |
| Net Margin | -9.0% | -11.0% | -5.2% | 2.0pp | -3.7pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.05 | 21.4% | -54.1% |
| Free Cash Flow | $59M | -$51M | $66M | 215.6% | -11.0% |
| Item | Amount |
|---|---|
| REVENUE | $74M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $49M |
| R&D Expenses | $21M |
| Selling & Marketing | $22M |
| General & Administrative | $17M |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $84M |
| OPERATING INCOME | -$10M |
| Interest Income | $4M |
| Interest Expense | $1M |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $768.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $4M |
| EBIT | -$5M |
| EBITDA | -$741.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | $46M |
| OPERATING CASH FLOW | $59M |
| Capital Expenditure | -$730.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | -$674.0K |
| NET CASH FROM INVESTING | $24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$615.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$615.0K |
| FREE CASH FLOW | $59M |
| Net Change in Cash | $86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $503M |
| Short-Term Investments | $0 |
| Net Receivables | $38M |
| Inventory | $0 |
| Other Current Assets | $69M |
| TOTAL CURRENT ASSETS | $615M |
| PP&E (Net) | $12M |
| Goodwill | $174M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $197M |
| TOTAL ASSETS | $812M |
| Account Payables | $353M |
| Short-Term Debt | $30M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $423M |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $216M |
| TOTAL LIABILITIES | $639M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$838M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $173M |
| Minority Interest | $0 |
| TOTAL EQUITY | $173M |
| TOTAL LIABILITIES & EQUITY | $812M |
| Total Debt | $243M |
| Net Debt | -$260M |
