| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $161M | $139M | -3.9% | 11.9% |
| Op. Income | -$38M | -$63M | -$42M | 40.2% | 8.8% |
| Gross Margin | 75.1% | 79.2% | 75.7% | -4.1pp | -0.5pp |
| Net Margin | -22.1% | -40.9% | -28.0% | 18.7pp | 5.8pp |
| EPS (Diluted) | $-0.31 | $-0.61 | $-0.36 | 49.2% | 13.9% |
| Free Cash Flow | -$46M | -$12M | -$43M | -273.4% | -6.7% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $116M |
| R&D Expenses | $54M |
| Selling & Marketing | $56M |
| General & Administrative | $45M |
| SG&A Expenses | $101M |
| Other Expenses | $0 |
| Operating Expenses | $154M |
| Cost & Expenses | $193M |
| OPERATING INCOME | -$38M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $3M |
| EBIT | -$38M |
| EBITDA | -$35M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | -$3M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$59.0K |
| Change in Working Capital | -$28M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$116M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$46M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $802M |
| Net Receivables | $119M |
| Inventory | $39M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $145M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $160M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $95M |
| Short-Term Debt | $559M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $743M |
| Long-Term Debt | $97M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $144M |
| TOTAL LIABILITIES | $887M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $362M |
| Minority Interest | $0 |
| TOTAL EQUITY | $362M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $697M |
| Net Debt | $569M |
