| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $116M | $110M | $101M | 5.7% | 14.5% |
| Op. Income | -$3M | -$8M | -$19M | 56.8% | 83.1% |
| Gross Margin | 67.2% | 69.4% | 66.4% | -2.2pp | 0.8pp |
| Net Margin | -3.4% | -5.8% | -19.5% | 2.4pp | 16.1pp |
| EPS (Diluted) | $-0.07 | $-0.11 | $-0.35 | 39.6% | 81.0% |
| Free Cash Flow | $7M | $9M | -$6M | -18.9% | 218.0% |
| Item | Amount |
|---|---|
| REVENUE | $116M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $78M |
| R&D Expenses | $32M |
| Selling & Marketing | $26M |
| General & Administrative | $16M |
| SG&A Expenses | $42M |
| Other Expenses | $7M |
| Operating Expenses | $81M |
| Cost & Expenses | $119M |
| OPERATING INCOME | -$3M |
| Interest Income | $205.0K |
| Interest Expense | $435.0K |
| Other Income/Expenses | $108.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $735.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $7M |
| EBIT | -$3M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $17M |
| Deferred Income Tax | $85.0K |
| Other Non-Cash Items | $823.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | -$7M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $410.0K |
| NET CASH FROM FINANCING | -$838.0K |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $91M |
| Short-Term Investments | $0 |
| Net Receivables | $108M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $215M |
| PP&E (Net) | $25M |
| Goodwill | $76M |
| Intangible Assets | $81M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $185M |
| TOTAL ASSETS | $400M |
| Account Payables | $3M |
| Short-Term Debt | $8M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $112.0K |
| Deferred Tax Liabilities | $568.0K |
| Other Non-Current Liabilities | $246.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $608.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$805M |
| Treasury Stock | -$46M |
| Accum. Other Comp. Income | $384.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $282M |
| Minority Interest | $0 |
| TOTAL EQUITY | $282M |
| TOTAL LIABILITIES & EQUITY | $400M |
| Total Debt | $16M |
| Net Debt | -$75M |
