| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $20M | $15M | -12.1% | 21.2% |
| Op. Income | -$9M | -$7M | -$11M | -37.4% | 17.1% |
| Gross Margin | 79.4% | 78.7% | 78.6% | 0.6pp | 0.8pp |
| Net Margin | -61.8% | -40.4% | -91.9% | -21.4pp | 30.1pp |
| EPS (Diluted) | $-1.60 | $-1.20 | $-0.14 | -33.3% | -1042.9% |
| Free Cash Flow | -$9M | -$5M | -$16M | -75.5% | 43.9% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $14M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $73.0K |
| Operating Expenses | $23M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $1M |
| EBIT | -$9M |
| EBITDA | -$8M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $972.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $861.0K |
| Change in Working Capital | -$739.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$137.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$63.0K |
| NET CASH FROM INVESTING | -$137.0K |
| Net Debt Issuance | -$7.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$209.0K |
| NET CASH FROM FINANCING | $97.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $30M |
| PP&E (Net) | $29M |
| Goodwill | $15M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $57M |
| TOTAL ASSETS | $86M |
| Account Payables | $3M |
| Short-Term Debt | $18.0K |
| Deferred Revenue | $788.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $37M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $692.0K |
| TOTAL NON-CURRENT LIABILITIES | $62M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $146.0K |
| Additional Paid-In Capital | $485M |
| Retained Earnings | -$474M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $11M |
| Minority Interest | $0 |
| TOTAL EQUITY | $11M |
| TOTAL LIABILITIES & EQUITY | $86M |
| Total Debt | $62M |
| Net Debt | $45M |
