| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $181M | $251M | $180M | -27.9% | 0.9% |
| Op. Income | -$20M | $33M | -$10M | -159.0% | -88.2% |
| Gross Margin | 45.4% | 55.7% | 47.4% | -10.3pp | -2.0pp |
| Net Margin | -14.5% | 2.5% | -16.9% | -17.0pp | 2.4pp |
| EPS (Diluted) | $-0.15 | $0.04 | $-0.18 | -521.3% | 16.7% |
| Free Cash Flow | -$16M | $54M | $10M | -129.2% | -250.3% |
| Item | Amount |
|---|---|
| REVENUE | $181M |
| Cost of Revenue | $99M |
| GROSS PROFIT | $82M |
| R&D Expenses | $44M |
| Selling & Marketing | $32M |
| General & Administrative | $15M |
| SG&A Expenses | $47M |
| Other Expenses | $11M |
| Operating Expenses | $102M |
| Cost & Expenses | $201M |
| OPERATING INCOME | -$20M |
| Interest Income | $258.0K |
| Interest Expense | $11M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$754.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $15M |
| EBIT | -$16M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | -$875.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$938.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $0 |
| Net Receivables | $225M |
| Inventory | $80M |
| Other Current Assets | $49M |
| TOTAL CURRENT ASSETS | $425M |
| PP&E (Net) | $113M |
| Goodwill | $301M |
| Intangible Assets | $176M |
| Long-Term Investments | $0 |
| Tax Assets | $94M |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $712M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $81M |
| Short-Term Debt | $7M |
| Deferred Revenue | $117M |
| Other Current Liabilities | $65M |
| TOTAL CURRENT LIABILITIES | $305M |
| Long-Term Debt | $329M |
| Deferred Revenue NC | $24M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $31M |
| TOTAL NON-CURRENT LIABILITIES | $450M |
| TOTAL LIABILITIES | $756M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $2.0B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $8M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $382M |
| Minority Interest | $0 |
| TOTAL EQUITY | $382M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $408M |
| Net Debt | $337M |
