| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $134M | $128M | -7.1% | -2.8% |
| Op. Income | -$16M | -$13M | -$24M | -21.1% | 31.5% |
| Gross Margin | 74.0% | 74.9% | 73.0% | -0.8pp | 1.0pp |
| Net Margin | -30.6% | -23.3% | -21.6% | -7.4pp | -9.0pp |
| EPS (Diluted) | $-4.57 | $-3.75 | $-3.42 | -21.9% | -33.6% |
| Free Cash Flow | $26M | $13M | $10M | 97.9% | 151.1% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $92M |
| R&D Expenses | $14M |
| Selling & Marketing | $5M |
| General & Administrative | $53M |
| SG&A Expenses | $58M |
| Other Expenses | $36M |
| Operating Expenses | $108M |
| Cost & Expenses | $141M |
| OPERATING INCOME | -$16M |
| Interest Income | $463.0K |
| Interest Expense | $14M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | -$772.0K |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $32M |
| EBIT | -$24M |
| EBITDA | $8M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | $31M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | -$352.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $26M |
| Net Change in Cash | $28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $0 |
| Net Receivables | $96M |
| Inventory | $0 |
| Other Current Assets | $54M |
| TOTAL CURRENT ASSETS | $278M |
| PP&E (Net) | $0 |
| Goodwill | $317M |
| Intangible Assets | $402M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $26M |
| TOTAL NON-CURRENT ASSETS | $745M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $21M |
| Short-Term Debt | $7M |
| Deferred Revenue | $244M |
| Other Current Liabilities | $29M |
| TOTAL CURRENT LIABILITIES | $325M |
| Long-Term Debt | $572M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $41M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $635M |
| TOTAL LIABILITIES | $960M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$14M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $63M |
| Minority Interest | $0 |
| TOTAL EQUITY | $63M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $580M |
| Net Debt | $452M |
