| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $121M | $108M | $63M | 11.7% | 90.4% |
| Op. Income | $9M | $30M | -$9M | -71.2% | 193.0% |
| Gross Margin | 87.1% | 85.8% | 91.3% | 1.4pp | -4.2pp |
| Net Margin | 4.2% | 21.6% | -16.9% | -17.4pp | 21.1pp |
| EPS (Diluted) | $0.03 | $0.15 | $-0.07 | -79.3% | 142.5% |
| Free Cash Flow | -$29M | -$26M | -$8M | -12.0% | -250.2% |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $105M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $408.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $56.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $121M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $105M |
| R&D Expenses | $46M |
| Selling & Marketing | $0 |
| General & Administrative | $50M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $112M |
| OPERATING INCOME | $9M |
| Interest Income | $0 |
| Interest Expense | $7M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | $5M |
| Income Tax Expense | $408.0K |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $56.0K |
| EBIT | $12M |
| EBITDA | $12M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $56.0K |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$262.0K |
| Change in Working Capital | -$49M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$93M |
| Sales/Maturities of Investments | $80M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $21.0K |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$48M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $144M |
| Net Receivables | $190M |
| Inventory | $158M |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $645M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $12M |
| TOTAL ASSETS | $657M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $142M |
| TOTAL CURRENT LIABILITIES | $160M |
| Long-Term Debt | $245M |
| Deferred Revenue NC | $7M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $259M |
| TOTAL LIABILITIES | $419M |
| Common Stock | $159.0K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.5B |
| Treasury Stock | -$15M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $237M |
| Minority Interest | $0 |
| TOTAL EQUITY | $237M |
| TOTAL LIABILITIES & EQUITY | $657M |
| Total Debt | $254M |
| Net Debt | $122M |
