| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $26M | $32M | $32M | -17.7% | -18.4% |
| Op. Income | -$13M | -$13M | -$4M | 1.8% | -205.1% |
| Gross Margin | 70.6% | 63.9% | 65.6% | 6.7pp | 5.1pp |
| Net Margin | -51.1% | -32.6% | -13.9% | -18.6pp | -37.2pp |
| EPS (Diluted) | $-2.10 | $-1.65 | $-0.75 | -27.3% | -180.0% |
| Free Cash Flow | -$13M | $12M | $8M | -208.6% | -267.0% |
| Item | Amount |
|---|---|
| REVENUE | $26M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $19M |
| R&D Expenses | $438.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $22M |
| Other Expenses | $10M |
| Operating Expenses | $32M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$13M |
| Interest Income | $720.0K |
| Interest Expense | $650.0K |
| Other Income/Expenses | -$63.0K |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $245.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $9M |
| EBIT | -$13M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $732.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$31M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$111.0K |
| NET CASH FROM FINANCING | -$111.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $35M |
| Short-Term Investments | $52M |
| Net Receivables | $66M |
| Inventory | $39M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $71M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0K |
| TOTAL NON-CURRENT ASSETS | $73M |
| TOTAL ASSETS | $286M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $129M |
| Long-Term Debt | $39M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $49M |
| TOTAL LIABILITIES | $178M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $795M |
| Retained Earnings | -$687M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $286M |
| Total Debt | $40M |
| Net Debt | $5M |
