| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | $150M | $144M | -9.5% | -5.6% |
| Op. Income | -$12M | -$10M | -$24M | -27.9% | 49.1% |
| Gross Margin | 44.3% | 46.3% | 44.4% | -2.1pp | -0.2pp |
| Net Margin | -9.6% | -27.9% | -18.0% | 18.3pp | 8.4pp |
| EPS (Diluted) | $-0.18 | $-0.59 | $-0.37 | 69.5% | 51.4% |
| Free Cash Flow | $304.0K | $3M | $4M | -89.3% | -93.0% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $76M |
| GROSS PROFIT | $60M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $54M |
| Other Expenses | $0 |
| Operating Expenses | $73M |
| Cost & Expenses | $148M |
| OPERATING INCOME | -$12M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | -$195.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $455.0K |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $11M |
| EBIT | -$12M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $87.0K |
| Change in Working Capital | $525.0K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | -$330.0K |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $41M |
| Other Investing Activities | -$505.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $200.0K |
| NET CASH FROM FINANCING | $200.0K |
| FREE CASH FLOW | $304.0K |
| Net Change in Cash | -$187.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $70M |
| Short-Term Investments | $80M |
| Net Receivables | $156M |
| Inventory | $170M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $508M |
| PP&E (Net) | $218M |
| Goodwill | $99M |
| Intangible Assets | $102M |
| Long-Term Investments | $82M |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $516M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $38M |
| Short-Term Debt | $0 |
| Deferred Revenue | $52M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $168M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $20M |
| Deferred Tax Liabilities | $459.0K |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $70M |
| TOTAL LIABILITIES | $238M |
| Common Stock | $203.0K |
| Additional Paid-In Capital | $3.1B |
| Retained Earnings | -$2.3B |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $785M |
| Minority Interest | $0 |
| TOTAL EQUITY | $785M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $31M |
| Net Debt | -$39M |
