| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $238M | $252M | $248M | -5.5% | -3.9% |
| Op. Income | $7M | $8M | $14M | -2.7% | -47.1% |
| Gross Margin | 56.7% | 57.3% | 57.4% | -0.6pp | -0.7pp |
| Net Margin | -0.8% | -8.6% | 4.0% | 7.9pp | -4.7pp |
| EPS (Diluted) | $-0.01 | $-0.10 | $0.04 | 91.7% | -118.5% |
| Free Cash Flow | $6M | $22M | $44M | -72.3% | -85.8% |
| Item | Amount |
|---|---|
| REVENUE | $238M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $135M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $78M |
| Other Expenses | $0 |
| Operating Expenses | $128M |
| Cost & Expenses | $231M |
| OPERATING INCOME | $7M |
| Interest Income | $0 |
| Interest Expense | $8M |
| Other Income/Expenses | -$100.0K |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $9M |
| 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 | $14M |
| EBIT | $15M |
| EBITDA | $29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $13M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $14M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$43M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $500.0K |
| NET CASH FROM INVESTING | -$12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$16M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$7M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $468M |
| Short-Term Investments | $25M |
| Net Receivables | $235M |
| Inventory | $93M |
| Other Current Assets | $21M |
| TOTAL CURRENT ASSETS | $864M |
| PP&E (Net) | $231M |
| Goodwill | $461M |
| Intangible Assets | $34M |
| Long-Term Investments | $3M |
| Tax Assets | $86M |
| Other Non-Current Assets | $59M |
| TOTAL NON-CURRENT ASSETS | $874M |
| TOTAL ASSETS | $1.7B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $64M |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $233M |
| Long-Term Debt | $638M |
| Deferred Revenue NC | $25M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $91M |
| TOTAL NON-CURRENT LIABILITIES | $803M |
| TOTAL LIABILITIES | $1.0B |
| Common Stock | $200.0K |
| Additional Paid-In Capital | $70.5B |
| Retained Earnings | -$69.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$114M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $702M |
| Minority Interest | $0 |
| TOTAL EQUITY | $702M |
| TOTAL LIABILITIES & EQUITY | $1.7B |
| Total Debt | $689M |
| Net Debt | $221M |
