| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $133M | $118M | $114M | 13.5% | 17.0% |
| Op. Income | -$11M | -$6M | -$6M | -90.3% | -84.3% |
| Gross Margin | 39.3% | 64.8% | 37.6% | -25.5pp | 1.7pp |
| Net Margin | -3.1% | -13.5% | -5.4% | 10.4pp | 2.3pp |
| EPS (Diluted) | $-0.03 | $-0.13 | $-0.05 | 74.0% | 33.1% |
| Free Cash Flow | -$80M | -$42M | -$40M | -90.1% | -103.0% |
| Item | Amount |
|---|---|
| REVENUE | $133M |
| Cost of Revenue | $81M |
| GROSS PROFIT | $52M |
| R&D Expenses | $17M |
| Selling & Marketing | $4M |
| General & Administrative | $29M |
| SG&A Expenses | $34M |
| Other Expenses | $13M |
| Operating Expenses | $63M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$11M |
| Interest Income | $3M |
| Interest Expense | $724.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$884.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $6M |
| EBIT | -$4M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $18M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $107.0K |
| Change in Working Capital | -$100M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$320M |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $99M |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$238M |
| Net Debt Issuance | $60M |
| Common Stock Repurchased | -$49M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $943.0K |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$305M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $191M |
| Short-Term Investments | $65M |
| Net Receivables | $109M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $17M |
| Goodwill | $403M |
| Intangible Assets | $202M |
| Long-Term Investments | $18M |
| Tax Assets | $0 |
| Other Non-Current Assets | $24M |
| TOTAL NON-CURRENT ASSETS | $664M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $196M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $13M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $80M |
| TOTAL LIABILITIES | $276M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$175M |
| Treasury Stock | -$94M |
| Accum. Other Comp. Income | $482.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $784M |
| Minority Interest | $0 |
| TOTAL EQUITY | $784M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $62M |
| Net Debt | -$129M |
