| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $201M | $240M | $164M | -16.0% | 22.7% |
| Op. Income | -$1M | $32M | -$15M | -104.7% | 90.2% |
| Gross Margin | 84.7% | 85.0% | 84.9% | -0.2pp | -0.2pp |
| Net Margin | 1.5% | 14.7% | -6.1% | -13.2pp | 7.6pp |
| EPS (Diluted) | $0.10 | $1.15 | $-0.34 | -91.4% | 129.0% |
| Free Cash Flow | -$15M | $62M | -$3M | -124.3% | -432.8% |
| Item | Amount |
|---|---|
| REVENUE | $201M |
| Cost of Revenue | $31M |
| GROSS PROFIT | $171M |
| R&D Expenses | $28M |
| Selling & Marketing | $21M |
| General & Administrative | $123M |
| SG&A Expenses | $144M |
| Other Expenses | $0 |
| Operating Expenses | $172M |
| Cost & Expenses | $203M |
| OPERATING INCOME | -$1M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $4M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $3M |
| EBIT | -$1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$34M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $7M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$75M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | -$88M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$96M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $315M |
| Net Receivables | $93M |
| Inventory | $100M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $572M |
| PP&E (Net) | $102M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $45M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $159M |
| TOTAL ASSETS | $731M |
| Account Payables | $29M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $108.0K |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $95M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $924M |
| Retained Earnings | -$289M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $227.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $636M |
| Minority Interest | $0 |
| TOTAL EQUITY | $636M |
| TOTAL LIABILITIES & EQUITY | $731M |
| Total Debt | $34M |
| Net Debt | -$20M |
