| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $56M | $39M | -42.5% | -18.3% |
| Op. Income | -$23M | -$26M | -$30M | 11.4% | 23.4% |
| Gross Margin | 44.8% | 31.3% | 46.9% | 13.5pp | -2.1pp |
| Net Margin | -68.1% | -46.0% | -69.5% | -22.1pp | 1.4pp |
| EPS (Diluted) | $-2.73 | $-3.23 | $-3.52 | 15.5% | 22.4% |
| Free Cash Flow | -$29M | -$12M | -$27M | -140.7% | -4.4% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $25M |
| SG&A Expenses | $37M |
| Other Expenses | $0 |
| Operating Expenses | $37M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$23M |
| Interest Income | $293.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $66.0K |
| 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 | $2M |
| EBIT | -$23M |
| EBITDA | -$21M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$28M |
| Capital Expenditure | -$643.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $429.0K |
| NET CASH FROM INVESTING | -$214.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4.0K |
| NET CASH FROM FINANCING | $3.0K |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $43M |
| Other Current Assets | $854.0K |
| TOTAL CURRENT ASSETS | $98M |
| PP&E (Net) | $47M |
| Goodwill | $0 |
| Intangible Assets | $41.0K |
| Long-Term Investments | $200.0K |
| Tax Assets | $563.0K |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $49M |
| TOTAL ASSETS | $147M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $64M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $594M |
| Retained Earnings | -$506M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $83M |
| Minority Interest | $0 |
| TOTAL EQUITY | $83M |
| TOTAL LIABILITIES & EQUITY | $147M |
| Total Debt | $44M |
| Net Debt | $5M |
