| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $162M | $153M | -14.4% | -9.2% |
| Op. Income | -$2M | -$8M | -$14M | 78.3% | 87.2% |
| Gross Margin | 39.7% | -17.4% | 41.1% | 57.0pp | -1.4pp |
| Net Margin | 163.8% | 3.7% | 8.4% | 160.2pp | 155.4pp |
| EPS (Diluted) | $1.30 | $0.03 | $0.07 | 5100.0% | 1656.8% |
| Free Cash Flow | -$41M | $16M | -$25M | -352.8% | -64.5% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $84M |
| GROSS PROFIT | $55M |
| R&D Expenses | $36M |
| Selling & Marketing | $7M |
| General & Administrative | $14M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $261M |
| INCOME BEFORE TAX | $259M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $228M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $227M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $227M |
| D&A | $3M |
| EBIT | -$2M |
| EBITDA | $1M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $227M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$255M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $13M |
| NET CASH FROM INVESTING | $9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $111M |
| Short-Term Investments | $1.3B |
| Net Receivables | $147M |
| Inventory | $48M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $95M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $9M |
| Tax Assets | $0 |
| Other Non-Current Assets | $80M |
| TOTAL NON-CURRENT ASSETS | $184M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $44M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $80M |
| TOTAL CURRENT LIABILITIES | $342M |
| Long-Term Debt | $68M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $121M |
| TOTAL NON-CURRENT LIABILITIES | $192M |
| TOTAL LIABILITIES | $534M |
| Common Stock | $87M |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$380M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $13M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $101M |
| Net Debt | -$10M |
