| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $258M | $247M | $238M | 4.2% | 8.4% |
| Op. Income | -$28M | -$31M | -$35M | 8.7% | 19.3% |
| Gross Margin | 46.9% | 45.8% | 45.1% | 1.1pp | 1.9pp |
| Net Margin | -9.0% | 84.2% | -23.4% | -93.2pp | 14.4pp |
| EPS (Diluted) | $-0.58 | $5.22 | $-1.43 | -111.1% | 59.4% |
| Free Cash Flow | -$21M | $54M | -$91M | -138.3% | 77.5% |
| Item | Amount |
|---|---|
| REVENUE | $258M |
| Cost of Revenue | $137M |
| GROSS PROFIT | $121M |
| R&D Expenses | $81M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $68M |
| Operating Expenses | $149M |
| Cost & Expenses | $286M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | -$11M |
| 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 | $32M |
| EBIT | -$14M |
| EBITDA | $18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $32M |
| Stock-Based Compensation | $27M |
| Deferred Income Tax | -$15M |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$10M |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$23M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $854M |
| Short-Term Investments | $0 |
| Net Receivables | $136M |
| Inventory | $120M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $80M |
| Goodwill | $816M |
| Intangible Assets | $306M |
| Long-Term Investments | $0 |
| Tax Assets | $406M |
| Other Non-Current Assets | $44M |
| TOTAL NON-CURRENT ASSETS | $1.7B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $83M |
| Short-Term Debt | $6M |
| Deferred Revenue | $54M |
| Other Current Liabilities | $28M |
| TOTAL CURRENT LIABILITIES | $254M |
| Long-Term Debt | $966M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $26M |
| Other Non-Current Liabilities | $40M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | $1.2B |
| Treasury Stock | -$878M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $1.0B |
| Net Debt | $168M |
