| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $481.0K | $279.3K | $32.4K | 72.2% | 1384.6% |
| Op. Income | -$731.0K | -$989.0K | -$1M | 26.1% | 50.7% |
| Gross Margin | 34.5% | 16.3% | 53.3% | 18.2pp | -18.8pp |
| Net Margin | -151.8% | -354.1% | -4575.0% | 202.3pp | 4423.3pp |
| EPS (Diluted) | $-0.06 | $-0.08 | $-0.12 | 26.1% | 50.0% |
| Free Cash Flow | -$933.0K | -$583.5K | -$1M | -59.9% | 28.8% |
| Item | Amount |
|---|---|
| REVENUE | $481.0K |
| Cost of Revenue | $315.0K |
| GROSS PROFIT | $166.0K |
| R&D Expenses | $401.0K |
| Selling & Marketing | $0 |
| General & Administrative | $496.0K |
| SG&A Expenses | $496.0K |
| Other Expenses | $0 |
| Operating Expenses | $897.0K |
| Cost & Expenses | $1M |
| OPERATING INCOME | -$731.0K |
| Interest Income | $0 |
| Interest Expense | $145.0K |
| Other Income/Expenses | $1.0K |
| INCOME BEFORE TAX | -$730.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$730.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$730.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$730.0K |
| D&A | $100.0K |
| EBIT | -$585.0K |
| EBITDA | -$485.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$730.0K |
| Depreciation & Amortization | $100.0K |
| Stock-Based Compensation | $167.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6.0K |
| Change in Working Capital | -$474.0K |
| OPERATING CASH FLOW | -$931.0K |
| Capital Expenditure | -$2.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2.0K |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | -$933.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $322.2K |
| Inventory | $0 |
| Other Current Assets | $202.3K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $6.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $13.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $6M |
| Account Payables | $238.1K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $1.2K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $2M |
| Net Debt | -$1M |
