| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $111M | $111M | $103M | 0.0% | 7.7% |
| Op. Income | -$21M | -$26M | -$16M | 15.8% | -35.8% |
| Gross Margin | 82.6% | 76.9% | 82.6% | 5.7pp | -0.0pp |
| Net Margin | -21.6% | -27.6% | -12.4% | 5.9pp | -9.2pp |
| EPS (Diluted) | $-0.26 | $-0.33 | $-0.14 | 21.2% | -85.7% |
| Free Cash Flow | $27M | $20M | $21M | 38.2% | 30.0% |
| Item | Amount |
|---|---|
| REVENUE | $111M |
| Cost of Revenue | $19M |
| GROSS PROFIT | $92M |
| R&D Expenses | $37M |
| Selling & Marketing | $48M |
| General & Administrative | $28M |
| SG&A Expenses | $76M |
| Other Expenses | -$251.0K |
| Operating Expenses | $113M |
| Cost & Expenses | $133M |
| OPERATING INCOME | -$21M |
| Interest Income | $7M |
| Interest Expense | $2M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $193.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $5M |
| EBIT | -$16M |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $33M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $29M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $49M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $27M |
| Net Change in Cash | $22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $383M |
| Short-Term Investments | $210M |
| Net Receivables | $78M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $687M |
| PP&E (Net) | $20M |
| Goodwill | $137M |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $49M |
| TOTAL NON-CURRENT ASSETS | $237M |
| TOTAL ASSETS | $924M |
| Account Payables | $7M |
| Short-Term Debt | $5M |
| Deferred Revenue | $220M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $273M |
| Long-Term Debt | $449M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $463M |
| TOTAL LIABILITIES | $736M |
| Common Stock | $0 |
| Additional Paid-In Capital | $795M |
| Retained Earnings | -$570M |
| Treasury Stock | -$50M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $174M |
| Minority Interest | $14M |
| TOTAL EQUITY | $188M |
| TOTAL LIABILITIES & EQUITY | $924M |
| Total Debt | $460M |
| Net Debt | $78M |
