| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $34M | $32M | -11.2% | -4.8% |
| Op. Income | -$26M | -$15M | -$15M | -78.5% | -74.0% |
| Gross Margin | 54.0% | 61.9% | 57.5% | -7.9pp | -3.5pp |
| Net Margin | -67.7% | -34.1% | -35.1% | -33.6pp | -32.6pp |
| EPS (Diluted) | $-0.53 | $-0.30 | $-0.26 | -76.7% | -103.8% |
| Free Cash Flow | -$15M | -$5M | -$21M | -221.3% | 26.7% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $16M |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $33M |
| SG&A Expenses | $33M |
| Other Expenses | -$60.0K |
| Operating Expenses | $43M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$3M |
| NET INCOME | -$21M |
| D&A | $2M |
| EBIT | -$26M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$959.0K |
| Change in Working Capital | -$636.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$9M |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $33M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$575.0K |
| NET CASH FROM FINANCING | $93.0K |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $77M |
| Short-Term Investments | $190M |
| Net Receivables | $28M |
| Inventory | $31M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $335M |
| PP&E (Net) | $32M |
| Goodwill | $7M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $397M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $80M |
| Common Stock | $39.0K |
| Additional Paid-In Capital | $809M |
| Retained Earnings | -$491M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $316M |
| Minority Interest | $0 |
| TOTAL EQUITY | $316M |
| TOTAL LIABILITIES & EQUITY | $397M |
| Total Debt | $36M |
| Net Debt | -$40M |
