| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $91M | $83M | 9.7% | 20.6% |
| Op. Income | $10M | $14M | $13M | -30.7% | -26.2% |
| Gross Margin | 39.4% | 38.1% | 34.9% | 1.3pp | 4.5pp |
| Net Margin | -4.8% | 1.8% | 2.6% | -6.6pp | -7.3pp |
| EPS (Diluted) | $-0.04 | $0.01 | $0.02 | -385.8% | -312.3% |
| Free Cash Flow | -$19M | $3M | $1M | -640.5% | -1381.0% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $61M |
| GROSS PROFIT | $39M |
| R&D Expenses | $0 |
| Selling & Marketing | $111.0K |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $6M |
| Operating Expenses | $29M |
| Cost & Expenses | $90M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $11M |
| Other Income/Expenses | -$11M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $9M |
| EBIT | $10M |
| EBITDA | $19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$22M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11M |
| Net Debt Issuance | -$29M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $127M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $102M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $0 |
| Net Receivables | $170M |
| Inventory | $10M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $302M |
| PP&E (Net) | $137M |
| Goodwill | $225M |
| Intangible Assets | $205M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $574M |
| TOTAL ASSETS | $875M |
| Account Payables | $25M |
| Short-Term Debt | $7M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $325M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $436M |
| TOTAL LIABILITIES | $526M |
| Common Stock | $132.0K |
| Additional Paid-In Capital | $362M |
| Retained Earnings | -$13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $75.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $349M |
| Minority Interest | $0 |
| TOTAL EQUITY | $349M |
| TOTAL LIABILITIES & EQUITY | $875M |
| Total Debt | $420M |
| Net Debt | $306M |
