| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $155M | $165M | $141M | -6.1% | 9.8% |
| Op. Income | -$39M | -$50M | -$61M | 21.1% | 36.0% |
| Gross Margin | 68.1% | 67.2% | 65.9% | 0.8pp | 2.2pp |
| Net Margin | -22.2% | -29.7% | -42.5% | 7.5pp | 20.3pp |
| EPS (Diluted) | $-0.28 | $-0.40 | $-0.50 | 30.0% | 44.0% |
| Free Cash Flow | $32M | -$9M | -$19M | 443.0% | 274.2% |
| Item | Amount |
|---|---|
| REVENUE | $155M |
| Cost of Revenue | $49M |
| GROSS PROFIT | $105M |
| R&D Expenses | $64M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $90M |
| Other Expenses | -$9M |
| Operating Expenses | $145M |
| Cost & Expenses | $194M |
| OPERATING INCOME | -$39M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $852.0K |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $10M |
| EBIT | -$34M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $10M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$461.0K |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $422.0K |
| FREE CASH FLOW | $32M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $377M |
| Short-Term Investments | $50M |
| Net Receivables | $53M |
| Inventory | $75M |
| Other Current Assets | $26M |
| TOTAL CURRENT ASSETS | $580M |
| PP&E (Net) | $302M |
| Goodwill | $5M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $324M |
| TOTAL ASSETS | $903M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $21M |
| Other Current Liabilities | $34M |
| TOTAL CURRENT LIABILITIES | $108M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $13M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $89M |
| TOTAL LIABILITIES | $196M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$367.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $707M |
| Minority Interest | $0 |
| TOTAL EQUITY | $707M |
| TOTAL LIABILITIES & EQUITY | $903M |
| Total Debt | $80M |
| Net Debt | -$297M |
