| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $206M | $193M | $237M | 6.8% | -12.9% |
| Op. Income | $5M | $3M | -$10M | 107.7% | 154.6% |
| Gross Margin | 48.2% | 47.2% | 41.7% | 1.0pp | 6.5pp |
| Net Margin | -11.2% | -332.9% | -12.4% | 321.7pp | 1.2pp |
| EPS (Diluted) | $-0.36 | $-9.98 | $-0.46 | 96.4% | 21.7% |
| Free Cash Flow | -$4M | $11M | -$104M | -132.3% | 96.6% |
| Item | Amount |
|---|---|
| REVENUE | $206M |
| Cost of Revenue | $107M |
| GROSS PROFIT | $99M |
| R&D Expenses | $42M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $94M |
| Cost & Expenses | $201M |
| OPERATING INCOME | $5M |
| Interest Income | $542.0K |
| Interest Expense | $26M |
| Other Income/Expenses | -$26M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $12M |
| EBIT | $5M |
| EBITDA | $17M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | -$884.0K |
| Other Non-Cash Items | $46M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$913.0K |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $3M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$2M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $12M |
| Net Receivables | $154M |
| Inventory | $149M |
| Other Current Assets | $78M |
| TOTAL CURRENT ASSETS | $539M |
| PP&E (Net) | $170M |
| Goodwill | $541M |
| Intangible Assets | $35M |
| Long-Term Investments | $10M |
| Tax Assets | $15M |
| Other Non-Current Assets | $66M |
| TOTAL NON-CURRENT ASSETS | $837M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $65M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $1.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $21M |
| Other Non-Current Liabilities | $50M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $785.0K |
| Additional Paid-In Capital | $491M |
| Retained Earnings | -$257M |
| Treasury Stock | -$553M |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$313M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$313M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.4B |
| Net Debt | $1.3B |
