| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $92M | $107M | $277M | -14.1% | -66.9% |
| Op. Income | -$53M | -$49M | -$7M | -8.6% | -610.0% |
| Gross Margin | 24.9% | 38.9% | 11.4% | -13.9pp | 13.5pp |
| Net Margin | -52.2% | -52.7% | -17.6% | 0.5pp | -34.6pp |
| EPS (Diluted) | $-0.53 | $-0.62 | $-0.55 | 14.5% | 3.6% |
| Free Cash Flow | -$18M | $11M | $31M | -268.6% | -158.4% |
| Item | Amount |
|---|---|
| REVENUE | $92M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $23M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $60M |
| Operating Expenses | $76M |
| Cost & Expenses | $145M |
| OPERATING INCOME | -$53M |
| Interest Income | $605.0K |
| Interest Expense | $4M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$56M |
| Income Tax Expense | -$8M |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | -$191.0K |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $3M |
| EBIT | -$52M |
| EBITDA | -$49M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $49M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$218.0K |
| Sales/Maturities of Investments | $386.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$33.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$5M |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $5M |
| Net Receivables | $79M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $191M |
| PP&E (Net) | $74M |
| Goodwill | $7M |
| Intangible Assets | $153M |
| Long-Term Investments | $0 |
| Tax Assets | $3M |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $245M |
| TOTAL ASSETS | $436M |
| Account Payables | $55M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $185M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $37M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $275M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $813M |
| Retained Earnings | -$717M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$795.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $96M |
| Minority Interest | $0 |
| TOTAL EQUITY | $96M |
| TOTAL LIABILITIES & EQUITY | $436M |
| Total Debt | $235M |
| Net Debt | $162M |
