| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $12M | $3M | 69.4% | 495.6% |
| Op. Income | -$5M | -$15M | -$20M | 65.2% | 73.8% |
| Gross Margin | 93.4% | 88.7% | 4.7% | 4.7pp | 88.7pp |
| Net Margin | -15.2% | -296.8% | -485.3% | 281.6pp | 470.1pp |
| EPS (Diluted) | $-0.06 | $-0.67 | $-0.40 | 91.4% | 85.7% |
| Free Cash Flow | -$8M | -$16M | -$16M | 48.8% | 48.5% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $19M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $2M |
| Operating Expenses | $24M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$5M |
| Interest Income | $543.0K |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | $52.0K |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$7M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$99.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$372.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $25M |
| Net Receivables | $13M |
| Inventory | $3M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $82M |
| PP&E (Net) | $2M |
| Goodwill | $5M |
| Intangible Assets | $67M |
| Long-Term Investments | $6M |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $173M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $43M |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$508M |
| Treasury Stock | -$11M |
| Accum. Other Comp. Income | -$82.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $173M |
| Total Debt | $62M |
| Net Debt | $24M |
