| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $101M | $95M | $84M | 6.5% | 20.7% |
| Op. Income | -$19M | -$30M | -$38M | 34.3% | 48.8% |
| Gross Margin | 66.4% | 66.6% | 63.0% | -0.2pp | 3.4pp |
| Net Margin | -19.5% | -32.3% | -44.8% | 12.8pp | 25.3pp |
| EPS (Diluted) | $-0.35 | $-0.56 | $-0.70 | 37.5% | 50.0% |
| Free Cash Flow | -$6M | -$11M | -$20M | 40.9% | 68.0% |
| Item | Amount |
|---|---|
| REVENUE | $101M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $67M |
| R&D Expenses | $29M |
| Selling & Marketing | $32M |
| General & Administrative | $19M |
| SG&A Expenses | $51M |
| Other Expenses | $7M |
| Operating Expenses | $87M |
| Cost & Expenses | $121M |
| OPERATING INCOME | -$19M |
| Interest Income | $792.0K |
| Interest Expense | $553.0K |
| Other Income/Expenses | $208.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $510.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $7M |
| EBIT | -$19M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $63.0K |
| Other Non-Cash Items | $35M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$873.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$545.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $80M |
| Short-Term Investments | $0 |
| Net Receivables | $66M |
| Inventory | $0 |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $190M |
| PP&E (Net) | $23M |
| Goodwill | $76M |
| Intangible Assets | $79M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $182M |
| TOTAL ASSETS | $372M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $24M |
| Other Current Liabilities | $50M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $79.0K |
| Deferred Tax Liabilities | $333.0K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $11M |
| TOTAL LIABILITIES | $119M |
| Common Stock | $587.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$763M |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $253M |
| Minority Interest | $0 |
| TOTAL EQUITY | $253M |
| TOTAL LIABILITIES & EQUITY | $372M |
| Total Debt | $18M |
| Net Debt | -$62M |
