| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $87M | $96M | $62M | -8.9% | 39.6% |
| Op. Income | -$5M | $9M | -$14M | -151.7% | 66.7% |
| Gross Margin | 67.1% | 69.2% | 59.9% | -2.1pp | 7.2pp |
| Net Margin | -7.5% | 5.7% | -32.4% | -13.2pp | 24.9pp |
| EPS (Diluted) | $-0.23 | $0.20 | $-0.78 | -215.0% | 70.5% |
| Free Cash Flow | $4M | -$6M | -$17M | 165.0% | 124.0% |
| Item | Amount |
|---|---|
| REVENUE | $87M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $58M |
| R&D Expenses | $13M |
| Selling & Marketing | $18M |
| General & Administrative | $32M |
| SG&A Expenses | $50M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $92M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $640.0K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $447.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $6M |
| EBIT | -$5M |
| EBITDA | $236.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $447.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $10M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $14M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$911.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $100M |
| Short-Term Investments | $59M |
| Net Receivables | $46M |
| Inventory | $13M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $226M |
| PP&E (Net) | $61M |
| Goodwill | $0 |
| Intangible Assets | $155M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $221M |
| TOTAL ASSETS | $446M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $119M |
| TOTAL LIABILITIES | $189M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.4B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $905.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $257M |
| Minority Interest | $0 |
| TOTAL EQUITY | $257M |
| TOTAL LIABILITIES & EQUITY | $446M |
| Total Debt | $115M |
| Net Debt | $15M |
