| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -24.9% | -8.5% |
| Op. Income | -$6M | -$3M | -$8M | -104.1% | 21.6% |
| Gross Margin | 15.0% | 81.5% | 7.2% | -66.5pp | 7.8pp |
| Net Margin | -263.8% | -612.6% | -394.0% | 348.8pp | 130.1pp |
| EPS (Diluted) | $-10.80 | $-34.20 | $-18.00 | 68.4% | 40.0% |
| Free Cash Flow | -$5M | -$9M | -$9M | 36.2% | 40.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $321.5K |
| R&D Expenses | $784.2K |
| Selling & Marketing | $776.7K |
| General & Administrative | $5M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $118.7K |
| Other Income/Expenses | $799.6K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$11.6K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | -$303.4K |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $0 |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$11 |
| EPS Diluted | -$11 |
| Item | Amount |
|---|---|
| Net Income | $0 |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$519.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20.3K |
| NET CASH FROM INVESTING | -$499.6K |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $25M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $6M |
| Long-Term Investments | $31M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $129M |
| Account Payables | $5M |
| Short-Term Debt | $11M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $339.3K |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $166.9K |
| Other Non-Current Liabilities | $16M |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $0 |
| Additional Paid-In Capital | $406M |
| Retained Earnings | -$325M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$9M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $73M |
| Minority Interest | $111.2K |
| TOTAL EQUITY | $73M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $22M |
| Net Debt | $14M |
