| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $35M | $50M | 16.9% | -18.1% |
| Op. Income | -$41M | -$13M | -$10M | -218.6% | -306.4% |
| Gross Margin | 32.8% | 28.7% | 38.5% | 4.1pp | -5.7pp |
| Net Margin | -97.2% | -32.3% | -15.2% | -64.9pp | -82.0pp |
| EPS (Diluted) | $-0.21 | $-0.06 | $-0.04 | -250.0% | -455.6% |
| Free Cash Flow | -$16M | -$15M | -$4M | -7.2% | -264.3% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $14M |
| R&D Expenses | $8M |
| Selling & Marketing | $5M |
| General & Administrative | $17M |
| SG&A Expenses | $22M |
| Other Expenses | $25M |
| Operating Expenses | $55M |
| Cost & Expenses | $83M |
| OPERATING INCOME | -$41M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $108.0K |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $2M |
| EBIT | -$16M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $26M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$303.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $0 |
| Net Receivables | $50M |
| Inventory | $33M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $228M |
| PP&E (Net) | $9M |
| Goodwill | $92M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $138M |
| TOTAL ASSETS | $366M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $39M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $76M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $33M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $96.0K |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $19.0K |
| Additional Paid-In Capital | $640M |
| Retained Earnings | -$389M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $251M |
| Minority Interest | $0 |
| TOTAL EQUITY | $251M |
| TOTAL LIABILITIES & EQUITY | $366M |
| Total Debt | $7M |
| Net Debt | -$119M |
