| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $18M | $15M | -37.0% | -22.2% |
| Op. Income | -$10M | -$9M | -$7M | -13.0% | -42.2% |
| Gross Margin | 68.9% | 59.5% | 88.8% | 9.4pp | -19.9pp |
| Net Margin | -172.9% | -73.3% | -149.9% | -99.6pp | -22.9pp |
| EPS (Diluted) | $-0.84 | $-0.59 | $-1.03 | -41.2% | 18.2% |
| Free Cash Flow | -$3M | $2M | -$4M | -294.6% | 32.6% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $8M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $14M |
| Other Expenses | $368.0K |
| Operating Expenses | $18M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$10M |
| Interest Income | $76.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$17M |
| EBITDA | -$15M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$42.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$98.0K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$673.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $293.0K |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $6M |
| Other Current Assets | $169.0K |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $71M |
| Goodwill | $7M |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $20M |
| TOTAL NON-CURRENT ASSETS | $107M |
| TOTAL ASSETS | $129M |
| Account Payables | $23M |
| Short-Term Debt | $7M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $9.0K |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $134M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $914M |
| Retained Earnings | -$920M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $70M |
| Net Debt | $69M |
