| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $8M | $15M | -25.4% | -56.6% |
| Op. Income | -$16M | -$5M | -$3M | -204.8% | -410.0% |
| Gross Margin | 7.9% | 26.3% | 10.2% | -18.4pp | -2.2pp |
| Net Margin | -245.5% | -54.5% | -20.9% | -190.9pp | -224.6pp |
| EPS (Diluted) | $-1.04 | $-0.31 | $-0.21 | -235.5% | -395.2% |
| Free Cash Flow | -$2M | $462.0K | -$3M | -496.1% | 41.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $501.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $16M |
| Operating Expenses | $16M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$16M |
| Interest Income | $23.0K |
| Interest Expense | $6.0K |
| Other Income/Expenses | $21.0K |
| INCOME BEFORE TAX | -$16M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $985.0K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $985.0K |
| Stock-Based Compensation | $521.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $11M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$70.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$16.0K |
| NET CASH FROM INVESTING | -$70.0K |
| Net Debt Issuance | -$15.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$15.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $7M |
| Inventory | $12M |
| Other Current Assets | $77.0K |
| TOTAL CURRENT ASSETS | $24M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $120.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $47M |
| Account Payables | $8M |
| Short-Term Debt | $64.0K |
| Deferred Revenue | $1M |
| Other Current Liabilities | $385.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $182.0K |
| Deferred Revenue NC | $857.0K |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $15.0K |
| Additional Paid-In Capital | $148M |
| Retained Earnings | -$120M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$695.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $2M |
| Net Debt | -$814.0K |
