| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $144M | $176M | $120M | -18.0% | 20.3% |
| Op. Income | -$20M | -$7M | -$24M | -183.6% | 15.9% |
| Gross Margin | 24.4% | 27.0% | 10.7% | -2.6pp | 13.7pp |
| Net Margin | -5.7% | -16.1% | -21.3% | 10.4pp | 15.6pp |
| EPS (Diluted) | $-0.03 | $-0.12 | $-0.11 | 75.0% | 72.7% |
| Free Cash Flow | -$48M | $70M | -$27M | -169.0% | -79.0% |
| Item | Amount |
|---|---|
| REVENUE | $144M |
| Cost of Revenue | $109M |
| GROSS PROFIT | $35M |
| R&D Expenses | $9M |
| Selling & Marketing | $11M |
| General & Administrative | $35M |
| SG&A Expenses | $46M |
| Other Expenses | $732.0K |
| Operating Expenses | $56M |
| Cost & Expenses | $164M |
| OPERATING INCOME | -$20M |
| Interest Income | $437.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $542.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $16M |
| EBIT | -$20M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$174.0K |
| Other Non-Cash Items | -$11M |
| Change in Working Capital | -$40M |
| OPERATING CASH FLOW | -$31M |
| Capital Expenditure | -$17M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$11M |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $144M |
| FREE CASH FLOW | -$48M |
| Net Change in Cash | $100M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $0 |
| Net Receivables | $122M |
| Inventory | $432.0K |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $397M |
| PP&E (Net) | $35M |
| Goodwill | $326M |
| Intangible Assets | $115M |
| Long-Term Investments | $29M |
| Tax Assets | $1M |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $510M |
| TOTAL ASSETS | $907M |
| Account Payables | $40M |
| Short-Term Debt | $15.0K |
| Deferred Revenue | $58M |
| Other Current Liabilities | $12.0K |
| TOTAL CURRENT LIABILITIES | $171M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $2M |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.1B |
| Treasury Stock | -$18M |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $711M |
| Minority Interest | $0 |
| TOTAL EQUITY | $711M |
| TOTAL LIABILITIES & EQUITY | $907M |
| Total Debt | $14M |
| Net Debt | -$195M |
