| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $502M | $476M | $368M | 5.4% | 36.5% |
| Op. Income | -$79M | -$65M | -$74M | -22.3% | -6.5% |
| Gross Margin | 63.2% | 62.9% | 56.7% | 0.3pp | 6.5pp |
| Net Margin | -13.3% | -11.3% | -18.4% | -2.0pp | 5.0pp |
| EPS (Diluted) | $-0.50 | $-0.41 | $-0.56 | -22.0% | 10.7% |
| Free Cash Flow | $23M | $35M | $7M | -34.9% | 238.6% |
| Item | Amount |
|---|---|
| REVENUE | $502M |
| Cost of Revenue | $185M |
| GROSS PROFIT | $317M |
| R&D Expenses | $129M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $267M |
| Other Expenses | $452.0K |
| Operating Expenses | $396M |
| Cost & Expenses | $581M |
| OPERATING INCOME | -$79M |
| Interest Income | $13M |
| Interest Expense | $1M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$67M |
| Income Tax Expense | $173.0K |
| Net Income from Continuing Ops | -$67M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$67M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$67M |
| D&A | $9M |
| EBIT | -$66M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$67M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $78M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $923.0K |
| Change in Working Capital | $23M |
| OPERATING CASH FLOW | $44M |
| Capital Expenditure | -$22M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $544.0K |
| FREE CASH FLOW | $23M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $974M |
| Short-Term Investments | $18M |
| Net Receivables | $318M |
| Inventory | $50M |
| Other Current Assets | $56M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $275M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $316M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $39M |
| Short-Term Debt | $80M |
| Deferred Revenue | $21M |
| Other Current Liabilities | $57M |
| TOTAL CURRENT LIABILITIES | $366M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $493M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $3.9B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$197.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $196M |
| Net Debt | -$778M |
