| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $66M | $62M | $60M | 7.7% | 9.6% |
| Op. Income | -$23M | -$19M | -$35M | -17.6% | 34.1% |
| Gross Margin | 55.2% | 62.1% | 52.4% | -6.8pp | 2.8pp |
| Net Margin | -19.1% | -57.1% | -48.5% | 38.1pp | 29.4pp |
| EPS (Diluted) | $-0.04 | $-0.12 | $-0.10 | 64.9% | 57.9% |
| Free Cash Flow | $7M | -$19M | -$16M | 138.2% | 147.2% |
| Item | Amount |
|---|---|
| REVENUE | $66M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $37M |
| R&D Expenses | $23M |
| Selling & Marketing | $16M |
| General & Administrative | $20M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $89M |
| OPERATING INCOME | -$23M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $11M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $928.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $11M |
| EBIT | -$23M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$9M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $17M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $12M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$9M |
| FREE CASH FLOW | $7M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $133M |
| Short-Term Investments | $93M |
| Net Receivables | $75M |
| Inventory | $0 |
| Other Current Assets | $24M |
| TOTAL CURRENT ASSETS | $325M |
| PP&E (Net) | $140M |
| Goodwill | $138M |
| Intangible Assets | $48M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $334M |
| TOTAL ASSETS | $658M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $108M |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $155M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $19M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $214M |
| Common Stock | $28.0K |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $445M |
| Minority Interest | $0 |
| TOTAL EQUITY | $445M |
| TOTAL LIABILITIES & EQUITY | $658M |
| Total Debt | $20M |
| Net Debt | -$114M |
