| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $107M | $104M | $94M | 3.4% | 14.6% |
| Op. Income | -$5M | -$6M | -$4M | 11.6% | -24.9% |
| Gross Margin | 81.0% | 80.5% | 83.5% | 0.5pp | -2.5pp |
| Net Margin | 0.7% | 12.4% | 0.8% | -11.6pp | -0.1pp |
| EPS (Diluted) | $0.02 | $0.33 | $0.02 | -93.5% | 7.5% |
| Free Cash Flow | $27M | $29M | $21M | -4.1% | 31.6% |
| Item | Amount |
|---|---|
| REVENUE | $107M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $87M |
| R&D Expenses | $24M |
| Selling & Marketing | $47M |
| General & Administrative | $16M |
| SG&A Expenses | $64M |
| Other Expenses | $5M |
| Operating Expenses | $92M |
| Cost & Expenses | $112M |
| OPERATING INCOME | -$5M |
| Interest Income | $7M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $798.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $798.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $798.0K |
| D&A | $4M |
| EBIT | -$5M |
| EBITDA | -$911.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $798.0K |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $4M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $28M |
| Capital Expenditure | -$948.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $84M |
| Other Investing Activities | -$661.0K |
| NET CASH FROM INVESTING | $26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | -$583.0K |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $187M |
| Short-Term Investments | $461M |
| Net Receivables | $31M |
| Inventory | $0 |
| Other Current Assets | $168M |
| TOTAL CURRENT ASSETS | $847M |
| PP&E (Net) | $9M |
| Goodwill | $110M |
| Intangible Assets | $39M |
| Long-Term Investments | $70M |
| Tax Assets | $0 |
| Other Non-Current Assets | $31M |
| TOTAL NON-CURRENT ASSETS | $258M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $7M |
| Short-Term Debt | $459M |
| Deferred Revenue | $22M |
| Other Current Liabilities | $155M |
| TOTAL CURRENT LIABILITIES | $704M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $727M |
| Common Stock | $0 |
| Additional Paid-In Capital | $743M |
| Retained Earnings | -$365M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $714.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $379M |
| Minority Interest | $0 |
| TOTAL EQUITY | $379M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $484M |
| Net Debt | $297M |
