| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $2M | $1M | 112.2% | 117.7% |
| Op. Income | -$682.5K | -$1M | -$1M | 40.5% | 33.4% |
| Gross Margin | 17.3% | 6.3% | 19.3% | 11.0pp | -2.0pp |
| Net Margin | -28.8% | -98.8% | -71.6% | 70.1pp | 42.9pp |
| EPS (Diluted) | $-0.16 | $-0.26 | $-0.26 | 38.5% | 38.5% |
| Free Cash Flow | -$2M | -$2M | -$553.6K | 1.0% | -316.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $552.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $920.8K |
| SG&A Expenses | $920.8K |
| Other Expenses | $314.2K |
| Operating Expenses | $1M |
| Cost & Expenses | $4M |
| OPERATING INCOME | -$682.5K |
| Interest Income | $5.1K |
| Interest Expense | $241.0K |
| Other Income/Expenses | -$235.8K |
| INCOME BEFORE TAX | -$918.4K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$918.4K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$918.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$918.4K |
| D&A | $152.4K |
| EBIT | -$677.4K |
| EBITDA | -$525.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$918.4K |
| Depreciation & Amortization | $152.4K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$377.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$377.8K |
| Net Debt Issuance | -$91.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22.5K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $56.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $6M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $360.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $14M |
| Account Payables | $1M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $456.7K |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $34.5K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $9.6K |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$18M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$372 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $0 |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $14M |
| Total Debt | $8M |
| Net Debt | $6M |
