| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $33M | $30M | $26M | 8.4% | 25.8% |
| Op. Income | -$24M | -$26M | -$26M | 6.9% | 7.7% |
| Gross Margin | 41.3% | 43.8% | 28.6% | -2.5pp | 12.7pp |
| Net Margin | -67.5% | -78.9% | -91.9% | 11.4pp | 24.5pp |
| EPS (Diluted) | $-0.42 | $-0.48 | $-0.55 | 12.5% | 23.6% |
| Free Cash Flow | -$5M | -$4M | -$7M | -35.4% | 23.6% |
| Item | Amount |
|---|---|
| REVENUE | $33M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $13M |
| R&D Expenses | $15M |
| Selling & Marketing | $6M |
| General & Administrative | $16M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$24M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $195.0K |
| NET INCOME | -$22M |
| D&A | $3M |
| EBIT | -$22M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$341.0K |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$552.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$14M |
| Sales/Maturities of Investments | $27M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $632.0K |
| NET CASH FROM FINANCING | $660.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | $8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $54M |
| Short-Term Investments | $114M |
| Net Receivables | $26M |
| Inventory | $15M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $219M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $50M |
| TOTAL ASSETS | $269M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $32M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $47.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$935M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$877.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $168M |
| Minority Interest | $0 |
| TOTAL EQUITY | $168M |
| TOTAL LIABILITIES & EQUITY | $269M |
| Total Debt | $19M |
| Net Debt | -$35M |
