| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | — | $38M | — | 12.7% |
| Op. Income | -$6M | — | -$8M | — | 26.6% |
| Gross Margin | 58.8% | — | 55.4% | — | 3.4pp |
| Net Margin | -17.8% | — | -25.3% | — | 7.4pp |
| EPS (Diluted) | $-0.04 | — | $-0.05 | — | 24.8% |
| Free Cash Flow | -$956.0K | — | $860.0K | — | -211.2% |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $25M |
| R&D Expenses | $17M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | -$6M |
| Operating Expenses | $31M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $74.0K |
| NET INCOME | -$8M |
| D&A | $307.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $307.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$844.0K |
| Capital Expenditure | -$112.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$8M |
| Sales/Maturities of Investments | $7M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $801.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $270.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$956.0K |
| Net Change in Cash | -$776.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $61M |
| Net Receivables | $26M |
| Inventory | $48M |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $162M |
| PP&E (Net) | $16M |
| Goodwill | $1M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $28M |
| TOTAL NON-CURRENT ASSETS | $45M |
| TOTAL ASSETS | $207M |
| Account Payables | $28M |
| Short-Term Debt | $20M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $65M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $81M |
| TOTAL LIABILITIES | $151M |
| Common Stock | $191.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$266.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $55M |
| Minority Interest | $750.0K |
| TOTAL EQUITY | $56M |
| TOTAL LIABILITIES & EQUITY | $207M |
| Total Debt | $99M |
| Net Debt | $80M |
