| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $67M | $35M | -28.4% | 38.3% |
| Op. Income | -$11M | $13M | -$7M | -187.1% | -62.1% |
| Gross Margin | 67.5% | 78.8% | 69.5% | -11.3pp | -1.9pp |
| Net Margin | -37.2% | 10.1% | -39.2% | -47.3pp | 2.0pp |
| EPS (Diluted) | $-0.50 | $0.19 | $-0.38 | -363.2% | -31.6% |
| Free Cash Flow | $19M | -$55M | -$5M | 135.2% | 512.2% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $32M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $41M |
| Operating Expenses | $44M |
| Cost & Expenses | $59M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $0 |
| NET INCOME | -$18M |
| D&A | $5M |
| EBIT | -$11M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$212.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$42.0K |
| NET CASH FROM INVESTING | -$212.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23.0K |
| NET CASH FROM FINANCING | $23.0K |
| FREE CASH FLOW | $19M |
| Net Change in Cash | $19M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $77M |
| Inventory | $11M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $12M |
| Goodwill | $332.0K |
| Intangible Assets | $182M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $195M |
| TOTAL ASSETS | $364M |
| Account Payables | $37M |
| Short-Term Debt | $108M |
| Deferred Revenue | $145.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $187M |
| Long-Term Debt | $113M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $121M |
| TOTAL LIABILITIES | $308M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $226M |
| Retained Earnings | -$169M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $56M |
| Minority Interest | -$355.0K |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $230M |
| Net Debt | $163M |
