| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $85M | $71M | 4.7% | 24.1% |
| Op. Income | -$35M | -$36M | -$47M | 3.9% | 26.3% |
| Gross Margin | 48.3% | 45.1% | 40.5% | 3.2pp | 7.8pp |
| Net Margin | -35.6% | -40.9% | -60.2% | 5.3pp | 24.5pp |
| EPS (Diluted) | $-0.53 | $-0.60 | $-0.75 | 11.7% | 29.3% |
| Free Cash Flow | -$24M | -$17M | -$24M | -36.8% | 3.2% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $46M |
| GROSS PROFIT | $43M |
| R&D Expenses | $21M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $56M |
| Other Expenses | $0 |
| Operating Expenses | $77M |
| Cost & Expenses | $123M |
| OPERATING INCOME | -$35M |
| Interest Income | $3M |
| Interest Expense | $24.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $97.0K |
| Net Income from Continuing Ops | -$32M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$32M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$32M |
| D&A | $6M |
| EBIT | -$31M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$32M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$20.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$21M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $18M |
| NET CASH FROM FINANCING | $18M |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $221M |
| Short-Term Investments | $49M |
| Net Receivables | $39M |
| Inventory | $24M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $345M |
| PP&E (Net) | $157M |
| Goodwill | $86M |
| Intangible Assets | $14M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $263M |
| TOTAL ASSETS | $609M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $83M |
| TOTAL LIABILITIES | $153M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$649.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $456M |
| Minority Interest | $0 |
| TOTAL EQUITY | $456M |
| TOTAL LIABILITIES & EQUITY | $609M |
| Total Debt | $83M |
| Net Debt | -$139M |
