| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $128M | $138M | — | -7.1% | — |
| Op. Income | -$24M | -$228M | — | 89.6% | — |
| Gross Margin | 73.0% | 72.0% | — | 1.0pp | — |
| Net Margin | -21.6% | -178.4% | — | 156.7pp | — |
| EPS (Diluted) | $-3.42 | $-30.38 | — | 88.7% | — |
| Free Cash Flow | $10M | $5M | — | 92.8% | — |
| Item | Amount |
|---|---|
| REVENUE | $128M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $93M |
| R&D Expenses | $16M |
| Selling & Marketing | $6M |
| General & Administrative | $56M |
| SG&A Expenses | $62M |
| Other Expenses | $40M |
| Operating Expenses | $117M |
| Cost & Expenses | $152M |
| OPERATING INCOME | -$24M |
| Interest Income | $928.0K |
| Interest Expense | $16M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$28M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$28M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$28M |
| D&A | $32M |
| EBIT | -$13M |
| EBITDA | $19M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$28M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | -$7M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$82.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $10M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $150M |
| Short-Term Investments | $0 |
| Net Receivables | $111M |
| Inventory | $0 |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $319M |
| PP&E (Net) | $12M |
| Goodwill | $317M |
| Intangible Assets | $511M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $862M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $13M |
| Short-Term Debt | $49M |
| Deferred Revenue | $244M |
| Other Current Liabilities | $25M |
| TOTAL CURRENT LIABILITIES | $351M |
| Long-Term Debt | $576M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $49M |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $648M |
| TOTAL LIABILITIES | $999M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$16M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $182M |
| Minority Interest | $0 |
| TOTAL EQUITY | $182M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $636M |
| Net Debt | $486M |
