| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $270M | $307M | $246M | -12.1% | 9.6% |
| Op. Income | -$12M | $14M | -$19M | -184.4% | 37.8% |
| Gross Margin | 41.1% | 46.6% | 38.7% | -5.4pp | 2.4pp |
| Net Margin | -2.6% | 5.2% | -6.4% | -7.8pp | 3.8pp |
| EPS (Diluted) | $-0.15 | $0.34 | $-0.34 | -144.1% | 55.9% |
| Free Cash Flow | $15M | $47M | $38M | -68.8% | -60.8% |
| Item | Amount |
|---|---|
| REVENUE | $270M |
| Cost of Revenue | $159M |
| GROSS PROFIT | $111M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $102M |
| Other Expenses | $0 |
| Operating Expenses | $123M |
| Cost & Expenses | $281M |
| OPERATING INCOME | -$12M |
| Interest Income | $4M |
| Interest Expense | $347.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $22M |
| EBIT | -$12M |
| EBITDA | $10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $22M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | -$4M |
| Other Non-Cash Items | $846.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $26M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $84.0K |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | $15M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $387M |
| Short-Term Investments | $13M |
| Net Receivables | $252M |
| Inventory | $91M |
| Other Current Assets | $68M |
| TOTAL CURRENT ASSETS | $840M |
| PP&E (Net) | $145M |
| Goodwill | $736M |
| Intangible Assets | $240M |
| Long-Term Investments | $53M |
| Tax Assets | $61M |
| Other Non-Current Assets | $77M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.2B |
| Account Payables | $53M |
| Short-Term Debt | $175M |
| Deferred Revenue | $225M |
| Other Current Liabilities | $46M |
| TOTAL CURRENT LIABILITIES | $608M |
| Long-Term Debt | $167M |
| Deferred Revenue NC | $78M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $287M |
| TOTAL LIABILITIES | $894M |
| Common Stock | $57.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | $376M |
| Treasury Stock | -$290M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.3B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.3B |
| TOTAL LIABILITIES & EQUITY | $2.2B |
| Total Debt | $386M |
| Net Debt | -$999.0K |
