| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | $89M | $10M | -6.7% | 724.1% |
| Op. Income | $1M | -$22M | -$8M | 104.8% | 113.8% |
| Gross Margin | 48.5% | 46.5% | 22.7% | 2.0pp | 25.8pp |
| Net Margin | 9.8% | 53.0% | -95.5% | -43.2pp | 105.3pp |
| EPS (Diluted) | $0.00 | $0.10 | $-0.06 | -99.5% | 100.8% |
| Free Cash Flow | -$3M | -$26M | -$5M | 89.8% | 52.1% |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $25M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $1M |
| Interest Income | $3.0K |
| Interest Expense | $7M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $43M |
| GROSS PROFIT | $40M |
| R&D Expenses | $0 |
| Selling & Marketing | $15M |
| General & Administrative | $25M |
| SG&A Expenses | $39M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $82M |
| OPERATING INCOME | $1M |
| Interest Income | $3.0K |
| Interest Expense | $7M |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | $8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $8M |
| D&A | $2M |
| EBIT | $16M |
| EBITDA | $17M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $8M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $314.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$315.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$198.0K |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $67M |
| Inventory | $11M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $101M |
| PP&E (Net) | $7M |
| Goodwill | $18M |
| Intangible Assets | $17M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $47M |
| TOTAL ASSETS | $148M |
| Account Payables | $15M |
| Short-Term Debt | $2M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $135M |
| Deferred Revenue NC | $884.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $152M |
| TOTAL LIABILITIES | $237M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $314M |
| Retained Earnings | -$403M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $165.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$89M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$89M |
| TOTAL LIABILITIES & EQUITY | $148M |
| Total Debt | $142M |
| Net Debt | $132M |
