| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $136M | $159M | $114M | -13.9% | 19.6% |
| Op. Income | -$44M | -$14M | -$51M | -214.6% | 12.7% |
| Gross Margin | 78.7% | 83.6% | 81.3% | -4.8pp | -2.5pp |
| Net Margin | -26.2% | -8.2% | -35.5% | -18.0pp | 9.3pp |
| EPS (Diluted) | $-0.32 | $-0.12 | $-0.37 | -166.7% | 13.5% |
| Free Cash Flow | $65M | $20M | $56M | 228.0% | 15.8% |
| Item | Amount |
|---|---|
| REVENUE | $136M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $107M |
| R&D Expenses | $54M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $98M |
| Other Expenses | $0 |
| Operating Expenses | $152M |
| Cost & Expenses | $181M |
| OPERATING INCOME | -$44M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$32M |
| Income Tax Expense | $4M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $2M |
| EBIT | -$32M |
| EBITDA | -$29M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $32M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | $54M |
| OPERATING CASH FLOW | $68M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | -$19M |
| Purchases of Investments | -$94M |
| Sales/Maturities of Investments | $90M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$61M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$75M |
| FREE CASH FLOW | $65M |
| Net Change in Cash | -$32M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $153M |
| Short-Term Investments | $456M |
| Net Receivables | $124M |
| Inventory | $0 |
| Other Current Assets | $85M |
| TOTAL CURRENT ASSETS | $818M |
| PP&E (Net) | $75M |
| Goodwill | $40M |
| Intangible Assets | $6M |
| Long-Term Investments | $592M |
| Tax Assets | $0 |
| Other Non-Current Assets | $46M |
| TOTAL NON-CURRENT ASSETS | $759M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $6M |
| Short-Term Debt | $262M |
| Deferred Revenue | $296M |
| Other Current Liabilities | $146M |
| TOTAL CURRENT LIABILITIES | $710M |
| Long-Term Debt | $451M |
| Deferred Revenue NC | $126.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $499M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $113.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$776M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $368M |
| Minority Interest | $0 |
| TOTAL EQUITY | $368M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $753M |
| Net Debt | $600M |
