| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $682.4K | $511.3K | 76.0% | 134.9% |
| Op. Income | -$884.0K | -$660.5K | -$611.9K | -33.8% | -44.5% |
| Gross Margin | 10.0% | 16.4% | 20.4% | -6.3pp | -10.3pp |
| Net Margin | -81.2% | -119.3% | -181.9% | 38.1pp | 100.7pp |
| EPS (Diluted) | $-0.02 | $-0.00 | $-0.00 | -403.0% | -348.6% |
| Free Cash Flow | -$113.9K | $218.3K | -$125.0K | -152.2% | 8.9% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $120.2K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $185.7K |
| SG&A Expenses | $185.7K |
| Other Expenses | $818.5K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$884.0K |
| Interest Income | $718 |
| Interest Expense | $68.4K |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$974.7K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$974.7K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $130.6K |
| EBIT | -$906.3K |
| EBITDA | -$775.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$974.7K |
| Depreciation & Amortization | $130.6K |
| Stock-Based Compensation | $471.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7.7K |
| Change in Working Capital | $269.3K |
| OPERATING CASH FLOW | -$95.9K |
| Capital Expenditure | -$18.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$18.0K |
| Net Debt Issuance | $187.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$3M |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $412.0K |
| FREE CASH FLOW | -$113.9K |
| Net Change in Cash | $298.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $797.3K |
| Short-Term Investments | $0 |
| Net Receivables | $374.4K |
| Inventory | $0 |
| Other Current Assets | $149.8K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $667.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $218.4K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $8M |
| Account Payables | $300.1K |
| Short-Term Debt | $3M |
| Deferred Revenue | $86.2K |
| Other Current Liabilities | $749.1K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $50.3K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $50.3K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$12M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $8M |
| Total Debt | $3M |
| Net Debt | $2M |
