| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $266M | $230M | $209M | 15.6% | 27.3% |
| Op. Income | -$44M | -$41M | -$58M | -6.8% | 24.3% |
| Gross Margin | 40.7% | 43.3% | 42.0% | -2.6pp | -1.4pp |
| Net Margin | -13.2% | -14.1% | -23.3% | 1.0pp | 10.1pp |
| EPS (Diluted) | $-0.23 | $-0.21 | $-0.32 | -9.5% | 28.0% |
| Free Cash Flow | -$18M | -$35M | -$29M | 47.3% | 37.7% |
| Item | Amount |
|---|---|
| REVENUE | $266M |
| Cost of Revenue | $158M |
| GROSS PROFIT | $108M |
| R&D Expenses | $27M |
| Selling & Marketing | $57M |
| General & Administrative | $32M |
| SG&A Expenses | $89M |
| Other Expenses | $36M |
| Operating Expenses | $152M |
| Cost & Expenses | $310M |
| OPERATING INCOME | -$44M |
| Interest Income | $11M |
| Interest Expense | $394.0K |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $26M |
| EBIT | -$34M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $26M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $299.9K |
| Other Non-Cash Items | -$10M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$40M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | -$41M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $674M |
| Short-Term Investments | $0 |
| Net Receivables | $60M |
| Inventory | $18M |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $874M |
| PP&E (Net) | $37M |
| Goodwill | $1.3B |
| Intangible Assets | $207M |
| Long-Term Investments | $0 |
| Tax Assets | $319.0K |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $2.5B |
| Account Payables | $29M |
| Short-Term Debt | $0 |
| Deferred Revenue | $67M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $141M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $765.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $794.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $159M |
| Common Stock | $4.3B |
| Additional Paid-In Capital | $212M |
| Retained Earnings | -$2.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.3B |
| TOTAL LIABILITIES & EQUITY | $2.5B |
| Total Debt | $23M |
| Net Debt | -$651M |
