| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $69M | $51M | -23.5% | 2.9% |
| Op. Income | -$16M | -$204.0K | -$19M | -7538.2% | 17.9% |
| Gross Margin | 79.7% | 80.7% | 80.2% | -1.1pp | -0.5pp |
| Net Margin | -30.3% | -0.7% | -36.5% | -29.6pp | 6.3pp |
| EPS (Diluted) | $-0.25 | $-0.01 | $-0.30 | -3025.0% | 16.7% |
| Free Cash Flow | $655.0K | -$7M | -$11M | 109.0% | 105.9% |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $42M |
| R&D Expenses | $6M |
| Selling & Marketing | $36M |
| General & Administrative | $16M |
| SG&A Expenses | $52M |
| Other Expenses | $0 |
| Operating Expenses | $57M |
| Cost & Expenses | $68M |
| OPERATING INCOME | -$16M |
| Interest Income | $841.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$340.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $8M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $17M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$401.0K |
| NET CASH FROM FINANCING | -$282.0K |
| FREE CASH FLOW | $655.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $63M |
| Net Receivables | $31M |
| Inventory | $38M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $35M |
| Goodwill | $13M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $387.0K |
| TOTAL NON-CURRENT ASSETS | $56M |
| TOTAL ASSETS | $206M |
| Account Payables | $13M |
| Short-Term Debt | $45.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $53M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $37.0K |
| TOTAL NON-CURRENT LIABILITIES | $67M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $63.0K |
| Additional Paid-In Capital | $312M |
| Retained Earnings | -$206M |
| Treasury Stock | -$682.0K |
| Accum. Other Comp. Income | $57.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $105M |
| Minority Interest | $0 |
| TOTAL EQUITY | $105M |
| TOTAL LIABILITIES & EQUITY | $206M |
| Total Debt | $69M |
| Net Debt | $56M |
