| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $162M | $182M | $165M | -11.2% | -1.5% |
| Op. Income | -$13M | -$15M | -$22M | 15.2% | 40.9% |
| Gross Margin | 34.8% | 32.6% | 29.3% | 2.2pp | 5.4pp |
| Net Margin | -3.7% | -4.9% | -11.3% | 1.1pp | 7.6pp |
| EPS (Diluted) | $-0.21 | $-0.31 | $-0.63 | 32.3% | 66.7% |
| Free Cash Flow | -$10M | $19M | $15M | -153.4% | -169.1% |
| Item | Amount |
|---|---|
| REVENUE | $162M |
| Cost of Revenue | $106M |
| GROSS PROFIT | $56M |
| R&D Expenses | $18M |
| Selling & Marketing | $28M |
| General & Administrative | $18M |
| SG&A Expenses | $46M |
| Other Expenses | $5M |
| Operating Expenses | $69M |
| Cost & Expenses | $175M |
| OPERATING INCOME | -$13M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$136.0K |
| Other Non-Cash Items | $968.0K |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$8M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $270M |
| Short-Term Investments | $122M |
| Net Receivables | $143M |
| Inventory | $158M |
| Other Current Assets | $31M |
| TOTAL CURRENT ASSETS | $724M |
| PP&E (Net) | $37M |
| Goodwill | $36M |
| Intangible Assets | $0 |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $90M |
| TOTAL ASSETS | $814M |
| Account Payables | $55M |
| Short-Term Debt | $10M |
| Deferred Revenue | $30M |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $242M |
| Long-Term Debt | $18M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $38M |
| TOTAL LIABILITIES | $280M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$476M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$82.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $534M |
| Minority Interest | $0 |
| TOTAL EQUITY | $534M |
| TOTAL LIABILITIES & EQUITY | $814M |
| Total Debt | $18M |
| Net Debt | -$252M |
