| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $49M | $77M | -13.0% | -44.9% |
| Op. Income | -$57M | -$28M | -$2M | -105.7% | -2416.5% |
| Gross Margin | 65.8% | 64.7% | 78.9% | 1.1pp | -13.1pp |
| Net Margin | -127.3% | -69.9% | -4.3% | -57.4pp | -123.0pp |
| EPS (Diluted) | $-1.10 | $-0.69 | $-0.07 | -59.4% | -1510.5% |
| Free Cash Flow | -$7M | -$5M | $16M | -41.7% | -143.7% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $28M |
| R&D Expenses | $14M |
| Selling & Marketing | $25M |
| General & Administrative | $24M |
| SG&A Expenses | $49M |
| Other Expenses | $23M |
| Operating Expenses | $85M |
| Cost & Expenses | $100M |
| OPERATING INCOME | -$57M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | -$275.0K |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $2M |
| EBIT | -$35M |
| EBITDA | -$32M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $29M |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $52M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | -$42.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $377.0K |
| NET CASH FROM FINANCING | -$948.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $29M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $173M |
| Short-Term Investments | $50M |
| Net Receivables | $43M |
| Inventory | $48M |
| Other Current Assets | $291.0K |
| TOTAL CURRENT ASSETS | $326M |
| PP&E (Net) | $106M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $19M |
| TOTAL NON-CURRENT ASSETS | $131M |
| TOTAL ASSETS | $457M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $68M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $39M |
| TOTAL LIABILITIES | $107M |
| Common Stock | $495.0K |
| Additional Paid-In Capital | $477M |
| Retained Earnings | -$122M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $350M |
| Minority Interest | $0 |
| TOTAL EQUITY | $350M |
| TOTAL LIABILITIES & EQUITY | $457M |
| Total Debt | $37M |
| Net Debt | -$136M |
