| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $18M | $18M | -7.8% | -7.0% |
| Op. Income | -$930.0K | -$4M | -$867.0K | 74.5% | -7.3% |
| Gross Margin | 72.3% | 66.2% | 73.2% | 6.1pp | -0.9pp |
| Net Margin | 8.9% | -25.7% | -45.6% | 34.6pp | 54.5pp |
| EPS (Diluted) | $0.16 | $-0.83 | $-1.48 | 119.3% | 110.8% |
| Free Cash Flow | -$1M | -$1M | -$211.0K | -18.7% | -528.4% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $12M |
| R&D Expenses | $426.0K |
| Selling & Marketing | $6M |
| General & Administrative | $5M |
| SG&A Expenses | $11M |
| Other Expenses | $2M |
| Operating Expenses | $13M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$930.0K |
| Interest Income | $0 |
| Interest Expense | $994.0K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $405.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $381.0K |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $1M |
| EBIT | $2M |
| EBITDA | $4M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $173.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$854.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$136.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $517.0K |
| NET CASH FROM INVESTING | $381.0K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$500.0K |
| NET CASH FROM FINANCING | $911.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $102.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $12M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $61M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $51M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $116M |
| Account Payables | $14M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $61M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $348M |
| Retained Earnings | -$318M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $30M |
| Minority Interest | $0 |
| TOTAL EQUITY | $30M |
| TOTAL LIABILITIES & EQUITY | $116M |
| Total Debt | $18M |
| Net Debt | -$2M |
