| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $73M | $85M | -11.6% | -24.0% |
| Op. Income | -$16M | -$5M | -$25M | -247.3% | 38.4% |
| Gross Margin | 62.9% | 67.2% | 56.7% | -4.3pp | 6.2pp |
| Net Margin | -21.8% | -153.2% | -41.8% | 131.3pp | 20.0pp |
| EPS (Diluted) | $-3.61 | $-19.00 | $-6.07 | 81.0% | 40.5% |
| Free Cash Flow | -$7M | -$7M | -$10M | -1.5% | 34.1% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $41M |
| R&D Expenses | $16M |
| Selling & Marketing | $23M |
| General & Administrative | $17M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$16M |
| Interest Income | $1M |
| Interest Expense | $7M |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$345.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $9M |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $6M |
| EBIT | -$7M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $78.0K |
| Other Non-Cash Items | -$895.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$26.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$26.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176M |
| Short-Term Investments | $0 |
| Net Receivables | $32M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $98M |
| Goodwill | $224M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $374M |
| TOTAL ASSETS | $596M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $61M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $134M |
| Long-Term Debt | $529M |
| Deferred Revenue NC | $182.0K |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $537M |
| TOTAL LIABILITIES | $671M |
| Common Stock | $96.0K |
| Additional Paid-In Capital | $941M |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$3.0K |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$75M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$75M |
| TOTAL LIABILITIES & EQUITY | $596M |
| Total Debt | $529M |
| Net Debt | $353M |
