| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $125M | $150M | $110M | -16.3% | 13.4% |
| Op. Income | -$8M | $16M | -$28M | -149.8% | 71.3% |
| Gross Margin | 90.7% | 90.1% | 87.7% | 0.6pp | 2.9pp |
| Net Margin | -17.3% | 9.8% | -43.9% | -27.2pp | 26.5pp |
| EPS (Diluted) | $-0.07 | $0.05 | $-0.16 | -242.0% | 56.3% |
| Free Cash Flow | $8M | -$4M | -$32M | 279.5% | 124.0% |
| Item | Amount |
|---|---|
| REVENUE | $125M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $114M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $92M |
| Other Expenses | $2M |
| Operating Expenses | $122M |
| Cost & Expenses | $133M |
| OPERATING INCOME | -$8M |
| Interest Income | $812.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $2M |
| EBIT | -$7M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$212.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$39M |
| Sales/Maturities of Investments | $6M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$33M |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $182M |
| Short-Term Investments | $69M |
| Net Receivables | $88M |
| Inventory | $132M |
| Other Current Assets | $39M |
| TOTAL CURRENT ASSETS | $511M |
| PP&E (Net) | $51M |
| Goodwill | $198M |
| Intangible Assets | $16M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $279M |
| TOTAL ASSETS | $790M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $153M |
| Long-Term Debt | $391M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $443M |
| TOTAL LIABILITIES | $596M |
| Common Stock | $3M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$2.8B |
| Treasury Stock | -$71.0K |
| Accum. Other Comp. Income | $13M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $194M |
| Minority Interest | $0 |
| TOTAL EQUITY | $194M |
| TOTAL LIABILITIES & EQUITY | $790M |
| Total Debt | $443M |
| Net Debt | $262M |
