| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $5M | $0 | 1.7% | — |
| Op. Income | -$2M | -$2M | -$2M | -34.0% | -20.2% |
| Gross Margin | 47.0% | 52.3% | — | -5.3pp | — |
| Net Margin | -51.9% | -71.3% | — | 19.5pp | — |
| EPS (Diluted) | $-0.18 | $-0.25 | $-0.34 | 28.0% | 47.1% |
| Free Cash Flow | -$2M | -$2M | -$544.0K | 21.0% | -183.6% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $720.0K |
| Other Income/Expenses | -$406.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $285.0K |
| 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 | $1M |
| EBIT | -$2M |
| EBITDA | -$921.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $442.0K |
| Change in Working Capital | -$373.0K |
| OPERATING CASH FLOW | -$2M |
| 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 | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $11M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $32M |
| PP&E (Net) | $1M |
| Goodwill | $12M |
| Intangible Assets | $33M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $78M |
| Account Payables | $3M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $222.0K |
| TOTAL CURRENT LIABILITIES | $38M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $62M |
| Retained Earnings | -$60M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $9M |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $4M |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $78M |
| Total Debt | $14M |
| Net Debt | $3M |
