| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $24M | $25M | 1.1% | -2.1% |
| Op. Income | $339.0K | $26.0K | -$9M | 1203.8% | 103.8% |
| Gross Margin | 38.4% | 40.7% | 33.0% | -2.3pp | 5.4pp |
| Net Margin | 1.3% | -2.2% | -37.6% | 3.5pp | 38.8pp |
| EPS (Diluted) | $0.02 | $0.56 | $-0.66 | -96.1% | 103.3% |
| Free Cash Flow | $3M | $1M | $4M | 107.8% | -35.4% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $9M |
| R&D Expenses | $876.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $97.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $339.0K |
| Interest Income | $5.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $418.0K |
| INCOME BEFORE TAX | $757.0K |
| Income Tax Expense | $445.0K |
| Net Income from Continuing Ops | $312.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $312.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312.0K |
| D&A | $752.0K |
| EBIT | $764.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $9M |
| R&D Expenses | $876.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $97.0K |
| Operating Expenses | $9M |
| Cost & Expenses | $24M |
| OPERATING INCOME | $339.0K |
| Interest Income | $5.0K |
| Interest Expense | $7.0K |
| Other Income/Expenses | $418.0K |
| INCOME BEFORE TAX | $757.0K |
| Income Tax Expense | $445.0K |
| Net Income from Continuing Ops | $312.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $312.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $312.0K |
| D&A | $752.0K |
| EBIT | $764.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $312.0K |
| Depreciation & Amortization | $752.0K |
| Stock-Based Compensation | $333.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $675.0K |
| Change in Working Capital | $795.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$143.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$143.0K |
| Net Debt Issuance | -$24.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $126.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $21M |
| Inventory | $26M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $64M |
| PP&E (Net) | $27M |
| Goodwill | $21M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $185.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $54M |
| TOTAL ASSETS | $118M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $35M |
| Common Stock | $143.0K |
| Additional Paid-In Capital | $129M |
| Retained Earnings | -$45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $17M |
| Net Debt | $4M |
