| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $18M | $23M | -22.0% | -39.5% |
| Op. Income | -$25M | -$38M | -$32M | 33.0% | 19.9% |
| Gross Margin | 37.9% | -13.6% | 41.1% | 51.4pp | -3.2pp |
| Net Margin | -120.1% | -221.7% | -15.9% | 101.7pp | -104.2pp |
| EPS (Diluted) | $-0.09 | $-0.21 | $-0.02 | 57.1% | -350.0% |
| Free Cash Flow | -$14M | -$11M | -$23M | -26.2% | 40.2% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $5M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $6M |
| Operating Expenses | $31M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $82.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $6M |
| EBIT | -$24M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$13.0K |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$41.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$41.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $949.0K |
| NET CASH FROM FINANCING | $949.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $0 |
| Net Receivables | $12M |
| Inventory | $16M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $21M |
| Goodwill | $163M |
| Intangible Assets | $67M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $263M |
| TOTAL ASSETS | $371M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $428.0K |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $22.0K |
| Additional Paid-In Capital | $743M |
| Retained Earnings | -$402M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $342M |
| Minority Interest | $0 |
| TOTAL EQUITY | $342M |
| TOTAL LIABILITIES & EQUITY | $371M |
| Total Debt | $7M |
| Net Debt | -$68M |
