| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $8M | 1.3% | -13.3% |
| Op. Income | -$3M | -$5M | -$7M | 36.9% | 58.2% |
| Gross Margin | 13.1% | 3.7% | 3.1% | 9.4pp | 10.1pp |
| Net Margin | -61.2% | -85.3% | -106.8% | 24.1pp | 45.6pp |
| EPS (Diluted) | $-0.20 | $-0.28 | $-0.49 | 29.5% | 59.2% |
| Free Cash Flow | -$1M | -$1M | -$7M | -37.4% | 80.9% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $899.8K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $480.6K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $480.6K |
| Stock-Based Compensation | $58.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$97.5K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$25.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$9.5K |
| NET CASH FROM INVESTING | -$25.7K |
| Net Debt Issuance | -$147.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $937.9K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$460.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $192.5K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $8M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $11M |
| PP&E (Net) | $45M |
| Goodwill | $2M |
| Intangible Assets | $328.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $254.7K |
| TOTAL NON-CURRENT ASSETS | $48M |
| TOTAL ASSETS | $58M |
| Account Payables | $13M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $0 |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$95M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $32M |
| Net Debt | $32M |
