| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $556.0K | $536.1K | — | 3.7% | — |
| Op. Income | -$22M | -$21M | — | -3.4% | — |
| Gross Margin | 62.8% | 61.2% | — | 1.5pp | — |
| Net Margin | -3932.4% | -3614.0% | — | -318.4pp | — |
| EPS (Diluted) | $-0.93 | $-0.82 | — | -13.4% | — |
| Free Cash Flow | -$22M | -$19M | — | -16.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $556.0K |
| Cost of Revenue | $207.0K |
| GROSS PROFIT | $349.0K |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $6M |
| Operating Expenses | $22M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $26.0K |
| Other Income/Expenses | -$151.0K |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $403.0K |
| EBIT | -$22M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $403.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$174.0K |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$248.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | -$548.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$543.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $189.0K |
| Inventory | $364.0K |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $53M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $142.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $59M |
| Account Payables | $5M |
| Short-Term Debt | $690.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $30.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $689.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $16M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $352M |
| Retained Earnings | -$298M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$11M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $43M |
| Minority Interest | -$146.0K |
| TOTAL EQUITY | $43M |
| TOTAL LIABILITIES & EQUITY | $59M |
| Total Debt | $2M |
| Net Debt | -$47M |
