| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $2M | $2M | 94.2% | 56.9% |
| Op. Income | -$2M | -$4M | -$1M | 56.5% | -32.4% |
| Gross Margin | 33.0% | 10.7% | 38.5% | 22.3pp | -5.5pp |
| Net Margin | -51.1% | -206.2% | -203.0% | 155.1pp | 151.8pp |
| EPS (Diluted) | $-0.09 | $-0.32 | $-0.48 | 70.7% | 80.5% |
| Free Cash Flow | -$1M | -$1M | -$4M | 8.9% | 75.1% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $739.7K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$2M |
| Interest Income | $49.5K |
| Interest Expense | $0 |
| Other Income/Expenses | $49.5K |
| 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 | $122.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$94 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $122.1K |
| Stock-Based Compensation | $125.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$576.4K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$3.8K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18.0K |
| NET CASH FROM FINANCING | -$21.8K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $7M |
| Goodwill | $5M |
| Intangible Assets | $2M |
| Long-Term Investments | $348.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $42M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $36.5K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $39.0K |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $6M |
| Common Stock | $19.7K |
| Additional Paid-In Capital | $59M |
| Retained Earnings | -$23M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $42M |
| Total Debt | $5M |
| Net Debt | -$12M |
