| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $63M | $42M | -35.4% | -3.1% |
| Op. Income | -$19M | -$9M | -$17M | -105.3% | -16.0% |
| Gross Margin | 37.3% | 36.8% | 36.8% | 0.4pp | 0.5pp |
| Net Margin | -51.2% | -62.0% | -37.0% | 10.8pp | -14.3pp |
| EPS (Diluted) | $-1.31 | $-2.45 | $-0.14 | 46.6% | -831.3% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $26M |
| GROSS PROFIT | $15M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $60M |
| OPERATING INCOME | -$19M |
| Interest Income | $616.6K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $116.7K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $0 |
| EBIT | -$19M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $110M |
| Short-Term Investments | $1M |
| Net Receivables | $59M |
| Inventory | $68M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $257M |
| PP&E (Net) | $10M |
| Goodwill | $10M |
| Intangible Assets | $16M |
| Long-Term Investments | $234M |
| Tax Assets | $19M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $293M |
| TOTAL ASSETS | $551M |
| Account Payables | $64M |
| Short-Term Debt | $122M |
| Deferred Revenue | $251.5K |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $225M |
| Long-Term Debt | $74M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $142.2K |
| TOTAL NON-CURRENT LIABILITIES | $79M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $27.6K |
| Additional Paid-In Capital | $296M |
| Retained Earnings | $9M |
| Treasury Stock | -$16M |
| Accum. Other Comp. Income | -$43M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $246M |
| Minority Interest | $0 |
| TOTAL EQUITY | $246M |
| TOTAL LIABILITIES & EQUITY | $551M |
| Total Debt | $197M |
| Net Debt | $87M |
