| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $0 | $0 | — | — |
| Op. Income | -$4M | -$2M | -$4M | -53.8% | 16.4% |
| Gross Margin | 71.4% | — | — | — | — |
| Net Margin | -68.5% | — | — | — | — |
| EPS (Diluted) | $-0.13 | $-0.51 | $-0.75 | 74.5% | 82.7% |
| Free Cash Flow | -$2M | -$2M | -$2M | 8.5% | 14.1% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $836.5K |
| GROSS PROFIT | $2M |
| R&D Expenses | $407.5K |
| Selling & Marketing | $47.3K |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | -$63.8K |
| Operating Expenses | $6M |
| Cost & Expenses | $7M |
| OPERATING INCOME | -$4M |
| Interest Income | $470.7K |
| Interest Expense | $13.7K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $7.3K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $7.3K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$308.1K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$63.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$63.3K |
| Net Debt Issuance | -$911.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $77.2K |
| NET CASH FROM FINANCING | -$834.3K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $608.5K |
| Inventory | $883.4K |
| Other Current Assets | $95.0K |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $70.5K |
| Goodwill | $0 |
| Intangible Assets | $407.6K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11.4K |
| TOTAL NON-CURRENT ASSETS | $489.5K |
| TOTAL ASSETS | $49M |
| Account Payables | $821.9K |
| Short-Term Debt | $0 |
| Deferred Revenue | $239.5K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $202.7K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $8M |
| Common Stock | $99M |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$78M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $41M |
| Minority Interest | $0 |
| TOTAL EQUITY | $41M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $0 |
| Net Debt | -$46M |
