| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $98M | $82M | -14.0% | 2.7% |
| Op. Income | -$3M | $13M | $16M | -121.6% | -117.6% |
| Gross Margin | 79.8% | 84.6% | 87.2% | -4.8pp | -7.4pp |
| Net Margin | 0.7% | 77.4% | 11.3% | -76.8pp | -10.6pp |
| EPS (Diluted) | $0.02 | $2.27 | $0.31 | -99.3% | -94.6% |
| Free Cash Flow | $18M | $19M | $17M | -7.6% | 6.3% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $67M |
| R&D Expenses | $18M |
| Selling & Marketing | $30M |
| General & Administrative | $21M |
| SG&A Expenses | $51M |
| Other Expenses | $972.0K |
| Operating Expenses | $70M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$3M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $483.0K |
| Income Tax Expense | -$72.0K |
| Net Income from Continuing Ops | $555.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $555.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $555.0K |
| D&A | $2M |
| EBIT | $483.0K |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $555.0K |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $624.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $20M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$70M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$631.0K |
| NET CASH FROM FINANCING | -$67M |
| FREE CASH FLOW | $18M |
| Net Change in Cash | -$52M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $297M |
| Short-Term Investments | $0 |
| Net Receivables | $220M |
| Inventory | $0 |
| Other Current Assets | $996.0K |
| TOTAL CURRENT ASSETS | $528M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $18M |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $111M |
| TOTAL ASSETS | $639M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $87M |
| TOTAL CURRENT LIABILITIES | $197M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $17M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $0 |
| Additional Paid-In Capital | $646M |
| Retained Earnings | -$140M |
| Treasury Stock | -$105M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $639M |
| Total Debt | $25M |
| Net Debt | -$273M |
