| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $123M | $132M | $93M | -7.4% | 32.1% |
| Op. Income | -$59M | -$52M | -$43M | -14.8% | -37.4% |
| Gross Margin | 28.8% | 27.8% | 26.1% | 0.9pp | 2.7pp |
| Net Margin | -49.5% | -39.5% | -47.7% | -9.9pp | -1.7pp |
| EPS (Diluted) | $-0.12 | $-0.10 | $-0.09 | -20.0% | -32.9% |
| Free Cash Flow | -$83M | -$24M | -$22M | -246.3% | -280.9% |
| Item | Amount |
|---|---|
| REVENUE | $123M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $35M |
| R&D Expenses | $55M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $182M |
| OPERATING INCOME | -$59M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$61M |
| Income Tax Expense | -$813.0K |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | $9M |
| EBIT | -$59M |
| EBITDA | -$50M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $19M |
| Deferred Income Tax | -$585.0K |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$23M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$85M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $16.0K |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $22M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $652.0K |
| NET CASH FROM FINANCING | $116M |
| FREE CASH FLOW | -$83M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $303M |
| Short-Term Investments | $125M |
| Net Receivables | $123M |
| Inventory | $126M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $725M |
| PP&E (Net) | $280M |
| Goodwill | $71M |
| Intangible Assets | $56M |
| Long-Term Investments | $84M |
| Tax Assets | $4M |
| Other Non-Current Assets | $35M |
| TOTAL NON-CURRENT ASSETS | $530M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $70M |
| Short-Term Debt | $20M |
| Deferred Revenue | $207M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $348M |
| Long-Term Debt | $404M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $476M |
| TOTAL LIABILITIES | $824M |
| Common Stock | $46.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$874M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $431M |
| Minority Interest | $0 |
| TOTAL EQUITY | $431M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $490M |
| Net Debt | $187M |
