| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $178M | $166M | $106M | 6.9% | 67.1% |
| Op. Income | -$32M | -$29M | -$59M | -12.1% | 45.8% |
| Gross Margin | 55.0% | 54.3% | 51.8% | 0.7pp | 3.3pp |
| Net Margin | -17.1% | -14.3% | -53.1% | -2.8pp | 36.0pp |
| EPS (Diluted) | $-0.94 | $-0.73 | $-1.77 | -28.8% | 46.9% |
| Free Cash Flow | $43M | $6M | -$74M | 601.8% | 158.6% |
| Item | Amount |
|---|---|
| REVENUE | $178M |
| Cost of Revenue | $80M |
| GROSS PROFIT | $98M |
| R&D Expenses | $88M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $130M |
| Cost & Expenses | $210M |
| OPERATING INCOME | -$32M |
| Interest Income | $4M |
| Interest Expense | $284.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $12M |
| EBIT | -$28M |
| EBITDA | -$17M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $49M |
| OPERATING CASH FLOW | $48M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$958.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$958.0K |
| FREE CASH FLOW | $43M |
| Net Change in Cash | $43M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $325M |
| Short-Term Investments | $100M |
| Net Receivables | $52M |
| Inventory | $83M |
| Other Current Assets | $58M |
| TOTAL CURRENT ASSETS | $619M |
| PP&E (Net) | $130M |
| Goodwill | $376M |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $74M |
| TOTAL NON-CURRENT ASSETS | $611M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $54M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $59M |
| TOTAL CURRENT LIABILITIES | $120M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $161M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $97M |
| Retained Earnings | $971M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $327.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.1B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.1B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $0 |
| Net Debt | -$325M |
