| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $190M | $263M | $146M | -27.8% | 30.2% |
| Op. Income | -$19M | $5M | -$29M | -470.2% | 34.4% |
| Gross Margin | 44.3% | 45.1% | 43.4% | -0.9pp | 0.9pp |
| Net Margin | -9.4% | 0.6% | -22.0% | -10.0pp | 12.6pp |
| EPS (Diluted) | $-0.11 | $0.01 | $-0.19 | -1379.1% | 42.1% |
| Free Cash Flow | -$73M | $129M | -$55M | -156.4% | -31.6% |
| Item | Amount |
|---|---|
| REVENUE | $190M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $84M |
| R&D Expenses | $28M |
| Selling & Marketing | $64M |
| General & Administrative | $11M |
| SG&A Expenses | $75M |
| Other Expenses | $0 |
| Operating Expenses | $103M |
| Cost & Expenses | $209M |
| OPERATING INCOME | -$19M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $541.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $42M |
| EBIT | -$19M |
| EBITDA | $23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $42M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$103M |
| OPERATING CASH FLOW | -$72M |
| Capital Expenditure | -$548.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$89M |
| Sales/Maturities of Investments | $68M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $210.0K |
| FREE CASH FLOW | -$73M |
| Net Change in Cash | -$92M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $208M |
| Short-Term Investments | $237M |
| Net Receivables | $122M |
| Inventory | $0 |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $684M |
| PP&E (Net) | $34M |
| Goodwill | $368M |
| Intangible Assets | $55M |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $33M |
| TOTAL NON-CURRENT ASSETS | $498M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $67M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$4M |
| TOTAL CURRENT LIABILITIES | $277M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $21M |
| TOTAL LIABILITIES | $297M |
| Common Stock | $1.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$550M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $169.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $884M |
| Minority Interest | $0 |
| TOTAL EQUITY | $884M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $24M |
| Net Debt | -$184M |
