| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $127M | $110M | -31.6% | -21.2% |
| Op. Income | -$27M | $10M | -$4M | -361.7% | -594.3% |
| Gross Margin | 72.6% | 75.5% | 73.9% | -2.8pp | -1.3pp |
| Net Margin | -21.7% | 6.1% | -1.9% | -27.8pp | -19.8pp |
| EPS (Diluted) | $-0.17 | $0.04 | $-0.02 | -488.1% | -969.2% |
| Free Cash Flow | -$24M | $8M | -$12M | -411.0% | -90.3% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $63M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $73M |
| Other Expenses | $7M |
| Operating Expenses | $90M |
| Cost & Expenses | $113M |
| OPERATING INCOME | -$27M |
| Interest Income | $961.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $963.0K |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $4M |
| EBIT | -$20M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $11M |
| Change in Working Capital | -$21M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$285.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $0 |
| Net Receivables | $103M |
| Inventory | $29M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $112M |
| Goodwill | $29M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $41M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $199M |
| TOTAL ASSETS | $467M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $897.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $99M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $302M |
| Retained Earnings | -$59M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $368M |
| Minority Interest | $0 |
| TOTAL EQUITY | $368M |
| TOTAL LIABILITIES & EQUITY | $467M |
| Total Debt | $43M |
| Net Debt | -$67M |
