| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $67M | $54M | -27.3% | -10.1% |
| Op. Income | -$2M | $8M | -$1M | -126.4% | -81.4% |
| Gross Margin | 4.1% | 100.0% | 100.0% | -95.9pp | -95.9pp |
| Net Margin | -5.5% | -3.1% | 0.0% | -2.4pp | -5.5pp |
| EPS (Diluted) | $-1.50 | $-1.17 | $0.01 | -28.2% | -28946.2% |
| Free Cash Flow | -$4M | -$2M | -$5M | -130.2% | 14.2% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $47M |
| GROSS PROFIT | $2M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $98.6K |
| SG&A Expenses | $98.6K |
| Other Expenses | $4M |
| Operating Expenses | $4M |
| Cost & Expenses | $51M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$903.1K |
| EBITDA | $749.2K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $98.6K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$800.2K |
| Acquisitions (Net) | $3M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$9.1K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$9.1K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $394M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $477M |
| TOTAL ASSETS | $539M |
| Account Payables | $18M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $24M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $241M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $62M |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $340M |
| TOTAL LIABILITIES | $395M |
| Common Stock | $34.8K |
| Additional Paid-In Capital | $157M |
| Retained Earnings | $16M |
| Treasury Stock | -$29M |
| Accum. Other Comp. Income | $771.2K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $145M |
| Minority Interest | $0 |
| TOTAL EQUITY | $145M |
| TOTAL LIABILITIES & EQUITY | $539M |
| Total Debt | $284M |
| Net Debt | $272M |
