| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $220M | $226M | $139M | -2.7% | 59.1% |
| Op. Income | -$2M | -$3M | -$65M | 8.5% | 96.3% |
| Gross Margin | 96.8% | 93.3% | 92.3% | 3.5pp | 4.6pp |
| Net Margin | -1.1% | -1.2% | -46.6% | 0.1pp | 45.5pp |
| EPS (Diluted) | $-0.03 | $-0.03 | $-0.74 | 13.0% | 96.5% |
| Free Cash Flow | -$20M | -$114M | $43M | 82.8% | -146.1% |
| Item | Amount |
|---|---|
| REVENUE | $220M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $213M |
| R&D Expenses | $0 |
| Selling & Marketing | $59M |
| General & Administrative | $101M |
| SG&A Expenses | $160M |
| Other Expenses | $56M |
| Operating Expenses | $216M |
| Cost & Expenses | $223M |
| OPERATING INCOME | -$2M |
| Interest Income | $41M |
| Interest Expense | $7M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $29.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $6M |
| EBIT | -$2M |
| EBITDA | $4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$43M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$72M |
| NET CASH FROM INVESTING | -$79M |
| Net Debt Issuance | -$80M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | -$45M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | -$137M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $605M |
| Short-Term Investments | $0 |
| Net Receivables | $62M |
| Inventory | $0 |
| Other Current Assets | $240M |
| TOTAL CURRENT ASSETS | $936M |
| PP&E (Net) | $83M |
| Goodwill | $67M |
| Intangible Assets | $9M |
| Long-Term Investments | $857M |
| Tax Assets | $0 |
| Other Non-Current Assets | $344M |
| TOTAL NON-CURRENT ASSETS | $1.4B |
| TOTAL ASSETS | $2.3B |
| Account Payables | $13M |
| Short-Term Debt | $127M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $351M |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $14M |
| TOTAL NON-CURRENT LIABILITIES | $1.3B |
| TOTAL LIABILITIES | $1.6B |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$414M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $677M |
| Minority Interest | $0 |
| TOTAL EQUITY | $677M |
| TOTAL LIABILITIES & EQUITY | $2.3B |
| Total Debt | $1.4B |
| Net Debt | $777M |
