| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $292M | $307M | $233M | -4.9% | 25.6% |
| Op. Income | -$12M | -$1M | -$22M | -761.0% | 46.6% |
| Gross Margin | 33.2% | 39.7% | 32.7% | -6.5pp | 0.4pp |
| Net Margin | -15.2% | -10.1% | -13.3% | -5.1pp | -1.9pp |
| EPS (Diluted) | $-0.26 | $-0.18 | $-0.19 | -44.4% | -36.8% |
| Free Cash Flow | -$19M | $19M | -$26M | -201.1% | 26.4% |
| Item | Amount |
|---|---|
| REVENUE | $292M |
| Cost of Revenue | $195M |
| GROSS PROFIT | $97M |
| R&D Expenses | $9M |
| Selling & Marketing | $64M |
| General & Administrative | $36M |
| SG&A Expenses | $100M |
| Other Expenses | $0 |
| Operating Expenses | $109M |
| Cost & Expenses | $304M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $23M |
| Other Income/Expenses | -$23M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $6M |
| EBIT | -$12M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$9M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $0 |
| Net Receivables | $276M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $307M |
| PP&E (Net) | $41M |
| Goodwill | $29M |
| Intangible Assets | $9M |
| Long-Term Investments | $743M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $840M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $51M |
| Short-Term Debt | $43M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $167M |
| Long-Term Debt | $637M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $46M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $711M |
| TOTAL LIABILITIES | $877M |
| Common Stock | $2M |
| Additional Paid-In Capital | $581M |
| Retained Earnings | -$314M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $269M |
| Minority Interest | $0 |
| TOTAL EQUITY | $269M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $710M |
| Net Debt | $699M |
