| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $18M | $16M | -21.1% | -11.3% |
| Op. Income | -$20M | $2M | $2M | -909.9% | -922.1% |
| Gross Margin | 78.6% | 86.4% | 87.6% | -7.8pp | -9.0pp |
| Net Margin | -136.8% | 23.3% | 8.7% | -160.0pp | -145.4pp |
| EPS (Diluted) | $-0.67 | $0.14 | $0.05 | -578.6% | -1378.6% |
| Free Cash Flow | -$1M | -$9M | -$3M | 86.7% | 52.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $11M |
| R&D Expenses | $5M |
| Selling & Marketing | $5M |
| General & Administrative | $8M |
| SG&A Expenses | $13M |
| Other Expenses | $13M |
| Operating Expenses | $31M |
| Cost & Expenses | $34M |
| OPERATING INCOME | -$20M |
| Interest Income | $863.0K |
| Interest Expense | $291.0K |
| Other Income/Expenses | $572.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $213.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $438.0K |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $438.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$96.0K |
| Acquisitions (Net) | -$12M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$205.0K |
| Common Stock Repurchased | -$252.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | -$503.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $45M |
| Net Receivables | $21M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $100M |
| PP&E (Net) | $2M |
| Goodwill | $14M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $138M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $9M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $4M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $55M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $133M |
| Retained Earnings | -$47M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $84M |
| Minority Interest | $0 |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $138M |
| Total Debt | $2M |
| Net Debt | -$28M |
