| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | — | $110M | — | 23.6% |
| Op. Income | -$40M | — | -$5M | — | -641.1% |
| Gross Margin | 68.0% | — | 69.1% | — | -1.1pp |
| Net Margin | -17.6% | — | -4.5% | — | -13.1pp |
| EPS (Diluted) | $-0.14 | — | $-0.03 | — | -451.2% |
| Free Cash Flow | $36M | — | $25M | — | 44.1% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $44M |
| GROSS PROFIT | $93M |
| R&D Expenses | $35M |
| Selling & Marketing | $68M |
| General & Administrative | $30M |
| SG&A Expenses | $98M |
| Other Expenses | $0 |
| Operating Expenses | $133M |
| Cost & Expenses | $176M |
| OPERATING INCOME | -$40M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $420.0K |
| Net Income from Continuing Ops | -$33M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $1M |
| EBIT | -$40M |
| EBITDA | -$39M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $38M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $24M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$380.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$380.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $13M |
| FREE CASH FLOW | $36M |
| Net Change in Cash | $50M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $594M |
| Short-Term Investments | $0 |
| Net Receivables | $149M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $762M |
| PP&E (Net) | $26M |
| Goodwill | $9M |
| Intangible Assets | $2M |
| Long-Term Investments | $472.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $67M |
| TOTAL NON-CURRENT ASSETS | $105M |
| TOTAL ASSETS | $867M |
| Account Payables | $28M |
| Short-Term Debt | $3M |
| Deferred Revenue | $255M |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $335M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $229.0K |
| TOTAL NON-CURRENT LIABILITIES | $20M |
| TOTAL LIABILITIES | $355M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $768M |
| Retained Earnings | -$355M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$66.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $413M |
| Minority Interest | $99M |
| TOTAL EQUITY | $512M |
| TOTAL LIABILITIES & EQUITY | $867M |
| Total Debt | $18M |
| Net Debt | -$576M |
