| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $29M | — | $28M | — | 2.0% |
| Op. Income | -$6M | — | -$9M | — | 29.8% |
| Gross Margin | 68.6% | — | 55.8% | — | 12.8pp |
| Net Margin | -31.3% | — | -58.1% | — | 26.8pp |
| EPS (Diluted) | $-0.10 | — | $-0.23 | — | 57.6% |
| Free Cash Flow | -$8M | — | -$10M | — | 26.0% |
| Item | Amount |
|---|---|
| REVENUE | $29M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $25M |
| General & Administrative | $0 |
| SG&A Expenses | $25M |
| Other Expenses | $685.0K |
| Operating Expenses | $26M |
| Cost & Expenses | $35M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $2M |
| EBIT | -$6M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $687.0K |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$625.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$34.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$40.0K |
| NET CASH FROM FINANCING | -$40.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $8M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $23M |
| Goodwill | $36M |
| Intangible Assets | $156M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $225M |
| TOTAL ASSETS | $271M |
| Account Payables | $10M |
| Short-Term Debt | $762.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $54M |
| Long-Term Debt | $176M |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $12M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $228M |
| TOTAL LIABILITIES | $282M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $725M |
| Retained Earnings | -$703M |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | -$28M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$11M |
| Minority Interest | -$208.0K |
| TOTAL EQUITY | -$12M |
| TOTAL LIABILITIES & EQUITY | $271M |
| Total Debt | $200M |
| Net Debt | $177M |
