| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $59M | $53M | 2.7% | 14.7% |
| Op. Income | -$35M | -$34M | -$45M | -1.9% | 22.6% |
| Gross Margin | 52.4% | 55.2% | 53.4% | -2.8pp | -1.0pp |
| Net Margin | -48.5% | -51.1% | -65.4% | 2.7pp | 16.9pp |
| EPS (Diluted) | $-0.10 | $-0.11 | $-0.13 | 9.1% | 23.1% |
| Free Cash Flow | -$16M | -$17M | -$38M | 7.4% | 58.5% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $32M |
| R&D Expenses | $26M |
| Selling & Marketing | $21M |
| General & Administrative | $19M |
| SG&A Expenses | $41M |
| Other Expenses | $0 |
| Operating Expenses | $66M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $442.0K |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $13M |
| EBIT | -$35M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $13M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $999.0K |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $75M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $30M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$360.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $107M |
| Short-Term Investments | $168M |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $346M |
| PP&E (Net) | $132M |
| Goodwill | $137M |
| Intangible Assets | $47M |
| Long-Term Investments | $10M |
| Tax Assets | $16M |
| Other Non-Current Assets | -$12M |
| TOTAL NON-CURRENT ASSETS | $331M |
| TOTAL ASSETS | $675M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $64M |
| Other Current Liabilities | $31M |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $174M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $548.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $500M |
| Minority Interest | $0 |
| TOTAL EQUITY | $500M |
| TOTAL LIABILITIES & EQUITY | $675M |
| Total Debt | $23M |
| Net Debt | -$84M |
