| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $151M | $149M | $119M | 1.6% | 27.0% |
| Op. Income | -$61M | -$38M | -$45M | -62.4% | -35.8% |
| Gross Margin | 26.3% | 64.3% | 30.1% | -38.1pp | -3.9pp |
| Net Margin | -41.3% | -20.2% | -39.7% | -21.1pp | -1.6pp |
| EPS (Diluted) | $-0.86 | $-0.42 | $-0.67 | -104.8% | -28.4% |
| Free Cash Flow | -$50M | $11M | -$32M | -567.0% | -53.3% |
| Item | Amount |
|---|---|
| REVENUE | $151M |
| Cost of Revenue | $112M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $43M |
| General & Administrative | $36M |
| SG&A Expenses | $79M |
| Other Expenses | $22M |
| Operating Expenses | $101M |
| Cost & Expenses | $213M |
| OPERATING INCOME | -$61M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$62M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$62M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$62M |
| D&A | $5M |
| EBIT | -$61M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$62M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$47M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$40M |
| Net Debt Issuance | $19M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | -$66M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $309M |
| Short-Term Investments | $331M |
| Net Receivables | $500M |
| Inventory | $0 |
| Other Current Assets | -$1.4B |
| TOTAL CURRENT ASSETS | $0 |
| PP&E (Net) | $16M |
| Goodwill | $19M |
| Intangible Assets | $11M |
| Long-Term Investments | $676M |
| Tax Assets | $0 |
| Other Non-Current Assets | -$723M |
| TOTAL NON-CURRENT ASSETS | $0 |
| TOTAL ASSETS | $1.9B |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | -$105M |
| TOTAL CURRENT LIABILITIES | $0 |
| Long-Term Debt | $102M |
| Deferred Revenue NC | $61M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$185M |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $546M |
| Minority Interest | $0 |
| TOTAL EQUITY | $546M |
| TOTAL LIABILITIES & EQUITY | $1.9B |
| Total Debt | $124M |
| Net Debt | -$186M |
