| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $168M | $172M | $156M | -2.3% | 7.5% |
| Op. Income | -$28M | -$18M | -$31M | -51.2% | 9.0% |
| Gross Margin | 43.6% | 44.9% | 41.9% | -1.3pp | 1.7pp |
| Net Margin | -15.4% | -8.9% | -17.3% | -6.5pp | 1.9pp |
| EPS (Diluted) | $-1.00 | $-0.60 | $-1.05 | -66.7% | 4.8% |
| Free Cash Flow | -$30M | -$2M | -$32M | -1558.0% | 5.3% |
| Item | Amount |
|---|---|
| REVENUE | $168M |
| Cost of Revenue | $95M |
| GROSS PROFIT | $73M |
| R&D Expenses | $10M |
| Selling & Marketing | $23M |
| General & Administrative | $68M |
| SG&A Expenses | $91M |
| Other Expenses | $0 |
| Operating Expenses | $101M |
| Cost & Expenses | $196M |
| OPERATING INCOME | -$28M |
| Interest Income | $4M |
| Interest Expense | $2M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $266.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $18M |
| EBIT | -$24M |
| EBITDA | -$6M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$30M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $949.0K |
| FREE CASH FLOW | -$30M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $346M |
| Short-Term Investments | $12M |
| Net Receivables | $151M |
| Inventory | $30M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $574M |
| PP&E (Net) | $167M |
| Goodwill | $523M |
| Intangible Assets | $331M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $1.0B |
| TOTAL ASSETS | $1.6B |
| Account Payables | $16M |
| Short-Term Debt | $201M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $280M |
| Long-Term Debt | $341M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $433M |
| TOTAL LIABILITIES | $713M |
| Common Stock | $128.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$56.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $888M |
| Minority Interest | $0 |
| TOTAL EQUITY | $888M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $605M |
| Net Debt | $259M |
