| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $721.0K | $1M | $726.0K | -32.1% | -0.7% |
| Op. Income | -$2M | -$2M | -$2M | -10.8% | 3.2% |
| Gross Margin | 34.8% | 34.3% | 30.3% | 0.5pp | 4.5pp |
| Net Margin | -258.0% | -169.4% | -273.6% | -88.6pp | 15.6pp |
| EPS (Diluted) | $-2.20 | $-2.70 | $-5.00 | 18.5% | 56.0% |
| Free Cash Flow | -$2M | -$2M | -$204.0K | -23.0% | -965.7% |
| Item | Amount |
|---|---|
| REVENUE | $721.0K |
| Cost of Revenue | $470.0K |
| GROSS PROFIT | $251.0K |
| R&D Expenses | $681.0K |
| Selling & Marketing | $666.0K |
| General & Administrative | $716.0K |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $34.0K |
| Other Income/Expenses | -$48.0K |
| 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 | $6.0K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $6.0K |
| Stock-Based Compensation | $79.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | -$419.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | $1.0K |
| Net Debt Issuance | -$249.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$170.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$843.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $3M |
| Other Current Assets | $983.0K |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $345.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $915.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $7M |
| Account Payables | $903.0K |
| Short-Term Debt | $519.0K |
| Deferred Revenue | $281.0K |
| Other Current Liabilities | $738.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $150.0K |
| Deferred Revenue NC | $69.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $342.0K |
| TOTAL NON-CURRENT LIABILITIES | $561.0K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $48M |
| Retained Earnings | -$46M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $228.0K |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $967.0K |
| Net Debt | -$155.0K |
