| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $122M | $116M | $100M | 5.5% | 22.0% |
| Op. Income | -$23M | -$25M | -$17M | 9.6% | -38.1% |
| Gross Margin | 75.3% | 75.4% | 79.5% | -0.1pp | -4.1pp |
| Net Margin | -15.1% | -20.0% | -8.8% | 4.9pp | -6.4pp |
| EPS (Diluted) | $-0.16 | $-0.21 | $-0.08 | 23.8% | -94.9% |
| Free Cash Flow | $28M | $48M | $17M | -41.9% | 69.3% |
| Item | Amount |
|---|---|
| REVENUE | $122M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $92M |
| R&D Expenses | $43M |
| Selling & Marketing | $51M |
| General & Administrative | $19M |
| SG&A Expenses | $70M |
| Other Expenses | $2M |
| Operating Expenses | $115M |
| Cost & Expenses | $145M |
| OPERATING INCOME | -$23M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $7M |
| EBIT | -$22M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $37M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $477.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$647.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$149M |
| Sales/Maturities of Investments | $104M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$46M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | $28M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $45M |
| Short-Term Investments | $519M |
| Net Receivables | $84M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $682M |
| PP&E (Net) | $18M |
| Goodwill | $372M |
| Intangible Assets | $55M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $29M |
| TOTAL NON-CURRENT ASSETS | $474M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $10M |
| Short-Term Debt | $7M |
| Deferred Revenue | $250M |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $319M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $356M |
| Common Stock | $320.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$378M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $800M |
| Minority Interest | $0 |
| TOTAL EQUITY | $800M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $17M |
| Net Debt | -$28M |
