| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $100M | $41M | -0.4% | 145.5% |
| Op. Income | -$9M | -$6M | -$22M | -38.1% | 58.7% |
| Gross Margin | 30.6% | 28.7% | 18.7% | 1.9pp | 11.9pp |
| Net Margin | -9.2% | -119.4% | -57.0% | 110.2pp | 47.8pp |
| EPS (Diluted) | $-0.18 | $-2.60 | $-0.60 | 93.1% | 70.0% |
| Free Cash Flow | -$79M | -$53M | -$34M | -49.4% | -131.0% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $69M |
| GROSS PROFIT | $31M |
| R&D Expenses | $18M |
| Selling & Marketing | $5M |
| General & Administrative | $16M |
| SG&A Expenses | $22M |
| Other Expenses | $0 |
| Operating Expenses | $39M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$9M |
| Interest Income | $224.0K |
| Interest Expense | $934.0K |
| Other Income/Expenses | -$235.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $6M |
| EBIT | -$8M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$51M |
| Capital Expenditure | -$28M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8M |
| NET CASH FROM INVESTING | -$36M |
| Net Debt Issuance | $35.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$2M |
| NET CASH FROM FINANCING | $70M |
| FREE CASH FLOW | -$79M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $51M |
| Short-Term Investments | $0 |
| Net Receivables | $171M |
| Inventory | $102M |
| Other Current Assets | $34M |
| TOTAL CURRENT ASSETS | $359M |
| PP&E (Net) | $251M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $32M |
| TOTAL NON-CURRENT ASSETS | $286M |
| TOTAL ASSETS | $645M |
| Account Payables | $125M |
| Short-Term Debt | $44M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $191M |
| Long-Term Debt | $136M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $145M |
| TOTAL LIABILITIES | $336M |
| Common Stock | $53.0K |
| Additional Paid-In Capital | $773M |
| Retained Earnings | -$461M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $309M |
| Minority Interest | $0 |
| TOTAL EQUITY | $309M |
| TOTAL LIABILITIES & EQUITY | $645M |
| Total Debt | $190M |
| Net Debt | $139M |
