| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $218M | $201M | $157M | 8.7% | 38.8% |
| Op. Income | $25M | $28M | $11M | -10.2% | 124.6% |
| Gross Margin | 51.2% | 54.7% | 51.8% | -3.5pp | -0.6pp |
| Net Margin | -76.8% | 14.7% | 8.0% | -91.5pp | -84.8pp |
| EPS (Diluted) | $-2.30 | $0.39 | $0.17 | -689.7% | -1452.9% |
| Free Cash Flow | $61M | $57M | $28M | 7.3% | 115.6% |
| Item | Amount |
|---|---|
| REVENUE | $218M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $112M |
| R&D Expenses | $58M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $29M |
| Other Expenses | $0 |
| Operating Expenses | $87M |
| Cost & Expenses | $193M |
| OPERATING INCOME | $25M |
| Interest Income | $7M |
| Interest Expense | $1M |
| Other Income/Expenses | -$195M |
| INCOME BEFORE TAX | -$170M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$168M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$168M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$168M |
| D&A | $16M |
| EBIT | -$169M |
| EBITDA | -$153M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$168M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$6M |
| Other Non-Cash Items | $190M |
| Change in Working Capital | $9M |
| OPERATING CASH FLOW | $67M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $72M |
| Other Investing Activities | -$3M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $63M |
| Common Stock Repurchased | -$38M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $30M |
| FREE CASH FLOW | $61M |
| Net Change in Cash | $86M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $233M |
| Short-Term Investments | $424M |
| Net Receivables | $92M |
| Inventory | $198M |
| Other Current Assets | $36M |
| TOTAL CURRENT ASSETS | $982M |
| PP&E (Net) | $174M |
| Goodwill | $336M |
| Intangible Assets | $89M |
| Long-Term Investments | $0 |
| Tax Assets | $217M |
| Other Non-Current Assets | $45M |
| TOTAL NON-CURRENT ASSETS | $861M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $45M |
| Short-Term Debt | $161M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $272M |
| Long-Term Debt | $339M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $51M |
| TOTAL NON-CURRENT LIABILITIES | $420M |
| TOTAL LIABILITIES | $693M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$353M |
| Treasury Stock | -$330.0K |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $531M |
| Net Debt | $298M |
