| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $47M | $46M | -12.7% | -10.4% |
| Op. Income | -$33M | -$33M | -$60M | -0.5% | 45.2% |
| Gross Margin | 48.4% | 46.9% | 53.1% | 1.5pp | -4.7pp |
| Net Margin | -63.8% | -72.9% | -70.6% | 9.1pp | 6.8pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.27 | 22.2% | 74.1% |
| Free Cash Flow | -$35M | -$17M | -$63M | -102.6% | 44.1% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $20M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $3M |
| Operating Expenses | $53M |
| Cost & Expenses | $74M |
| OPERATING INCOME | -$33M |
| Interest Income | $3M |
| Interest Expense | $2.0K |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$151.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $4M |
| EBIT | -$26M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$16M |
| OPERATING CASH FLOW | -$30M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$32M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$46.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$46.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $151M |
| Short-Term Investments | $107M |
| Net Receivables | $35M |
| Inventory | $42M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $344M |
| PP&E (Net) | $71M |
| Goodwill | $112M |
| Intangible Assets | $28M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $25M |
| TOTAL NON-CURRENT ASSETS | $236M |
| TOTAL ASSETS | $580M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $56M |
| Long-Term Debt | $299.0K |
| Deferred Revenue NC | $39M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $69M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $397.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $455M |
| Minority Interest | $0 |
| TOTAL EQUITY | $455M |
| TOTAL LIABILITIES & EQUITY | $580M |
| Total Debt | $32M |
| Net Debt | -$119M |
