| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $29M | $28M | 1.0% | 5.6% |
| Op. Income | -$16M | -$22M | -$37M | 25.0% | 55.6% |
| Gross Margin | 37.2% | 36.5% | 29.2% | 0.7pp | 8.0pp |
| Net Margin | -86.7% | -87.0% | -141.8% | 0.3pp | 55.1pp |
| EPS (Diluted) | $-7.44 | $-7.35 | $-11.77 | -1.2% | 36.8% |
| Free Cash Flow | -$26M | -$17M | -$46M | -56.0% | 44.3% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $11M |
| R&D Expenses | $6M |
| Selling & Marketing | $14M |
| General & Administrative | $8M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $46M |
| OPERATING INCOME | -$16M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $115.0K |
| 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 | $1M |
| EBIT | -$16M |
| EBITDA | -$15M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$123.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$96M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$107M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $408.0K |
| NET CASH FROM FINANCING | $56M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $113M |
| Net Receivables | $37M |
| Inventory | $56M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $287M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $301M |
| Account Payables | $1M |
| Short-Term Debt | $2M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $94M |
| Deferred Revenue NC | $804.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $131M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $88.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $170M |
| Minority Interest | $0 |
| TOTAL EQUITY | $170M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $98M |
| Net Debt | $22M |
