| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $26M | -$2M | 99.9% | 2772.9% |
| Op. Income | $10M | -$20M | -$7M | 150.6% | 241.7% |
| Gross Margin | 42.8% | -33.6% | 221.7% | 76.3pp | -179.0pp |
| Net Margin | -25.6% | 25.2% | -673.5% | -50.9pp | 647.8pp |
| EPS (Diluted) | $-0.48 | $0.23 | $0.50 | -308.7% | -196.0% |
| Free Cash Flow | $5M | -$24M | $16M | 120.2% | -69.4% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $22M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $5M |
| Operating Expenses | $12M |
| Cost & Expenses | $42M |
| OPERATING INCOME | $10M |
| Interest Income | $0 |
| Interest Expense | $20M |
| Other Income/Expenses | -$24M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | -$361.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $737.0K |
| EBIT | $6M |
| EBITDA | $7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $737.0K |
| Stock-Based Compensation | $400.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$57M |
| Sales/Maturities of Investments | $86M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$399.0K |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $92M |
| Net Receivables | $408M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $642M |
| PP&E (Net) | $0 |
| Goodwill | $55M |
| Intangible Assets | $27M |
| Long-Term Investments | $954M |
| Tax Assets | $0 |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $1.1B |
| TOTAL ASSETS | $1.7B |
| Account Payables | $0 |
| Short-Term Debt | $4M |
| Deferred Revenue | $1.3B |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $92M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $241M |
| TOTAL NON-CURRENT LIABILITIES | $333M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $121M |
| Additional Paid-In Capital | $8M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$22M |
| Other Equity | $1M |
| TOTAL STOCKHOLDERS' EQUITY | $49M |
| Minority Interest | $0 |
| TOTAL EQUITY | $49M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $96M |
| Net Debt | -$30M |
