| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | — | $19M | — | 31.5% |
| Op. Income | -$16M | — | -$25M | — | 34.2% |
| Gross Margin | 99.2% | — | -55.2% | — | 154.5pp |
| Net Margin | -63.9% | — | -96.8% | — | 32.9pp |
| EPS (Diluted) | $-1.29 | — | $-1.55 | — | 16.9% |
| Free Cash Flow | -$13M | — | -$13M | — | -0.9% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $192.0K |
| GROSS PROFIT | $25M |
| R&D Expenses | $0 |
| Selling & Marketing | $1M |
| General & Administrative | $9M |
| SG&A Expenses | $10M |
| Other Expenses | $31M |
| Operating Expenses | $42M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $341.0K |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$17.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$51.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$22M |
| Sales/Maturities of Investments | $534.0K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$22M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$679.0K |
| NET CASH FROM FINANCING | -$653.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $23M |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $107M |
| PP&E (Net) | $7M |
| Goodwill | $121M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $142M |
| TOTAL ASSETS | $249M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $265.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $324.0K |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $576M |
| Retained Earnings | -$363M |
| Treasury Stock | -$625.0K |
| Accum. Other Comp. Income | $794.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $214M |
| Minority Interest | $3M |
| TOTAL EQUITY | $217M |
| TOTAL LIABILITIES & EQUITY | $249M |
| Total Debt | $14M |
| Net Debt | -$57M |
