| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $342M | $311M | $319M | 9.9% | 7.3% |
| Op. Income | -$9M | -$1M | -$9M | -648.9% | 4.4% |
| Gross Margin | 43.6% | 43.6% | 45.4% | 0.0pp | -1.8pp |
| Net Margin | -1.9% | -2.8% | -2.0% | 0.9pp | 0.1pp |
| EPS (Diluted) | $-0.05 | $-0.07 | $-0.05 | 27.0% | 4.6% |
| Free Cash Flow | $6M | $3M | $10M | 100.9% | -44.0% |
| Item | Amount |
|---|---|
| REVENUE | $342M |
| Cost of Revenue | $193M |
| GROSS PROFIT | $149M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $158M |
| Other Expenses | $0 |
| Operating Expenses | $158M |
| Cost & Expenses | $351M |
| OPERATING INCOME | -$9M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $58.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $6M |
| EBIT | -$6M |
| EBITDA | -$19.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $11M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9M |
| Sales/Maturities of Investments | $8M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $542.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $114M |
| Short-Term Investments | $130M |
| Net Receivables | $0 |
| Inventory | $142M |
| Other Current Assets | $50M |
| TOTAL CURRENT ASSETS | $435M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $95M |
| TOTAL ASSETS | $531M |
| Account Payables | $120M |
| Short-Term Debt | $23M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $111M |
| TOTAL CURRENT LIABILITIES | $262M |
| Long-Term Debt | $64M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $658.0K |
| TOTAL NON-CURRENT LIABILITIES | $65M |
| TOTAL LIABILITIES | $327M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $737M |
| Retained Earnings | -$502M |
| Treasury Stock | -$30M |
| Accum. Other Comp. Income | -$325.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $204M |
| Minority Interest | $0 |
| TOTAL EQUITY | $204M |
| TOTAL LIABILITIES & EQUITY | $531M |
| Total Debt | $87M |
| Net Debt | -$28M |
