| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $53M | $48M | — | 10.9% | — |
| Op. Income | -$17M | -$13M | — | -23.8% | — |
| Gross Margin | 25.0% | 16.2% | — | 8.8pp | — |
| Net Margin | -57.6% | -339.5% | — | 281.9pp | — |
| EPS (Diluted) | $-0.16 | $-1.04 | — | 84.5% | — |
| Free Cash Flow | -$9M | -$27M | — | 67.4% | — |
| Item | Amount |
|---|---|
| REVENUE | $53M |
| Cost of Revenue | $40M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $11M |
| SG&A Expenses | $22M |
| Other Expenses | $7M |
| Operating Expenses | $30M |
| Cost & Expenses | $69M |
| OPERATING INCOME | -$17M |
| Interest Income | $772.4K |
| Interest Expense | $7M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $212.7K |
| Net Income from Continuing Ops | -$30M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$30M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$30M |
| D&A | $7M |
| EBIT | -$23M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$30M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | -$72.3K |
| Deferred Income Tax | $212.7K |
| Other Non-Cash Items | $10M |
| Change in Working Capital | $6M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $569.3K |
| Other Investing Activities | -$130.1K |
| NET CASH FROM INVESTING | -$515.2K |
| Net Debt Issuance | -$669.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$9M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $92M |
| Short-Term Investments | $13M |
| Net Receivables | $37M |
| Inventory | $69M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $222M |
| PP&E (Net) | $213M |
| Goodwill | $35M |
| Intangible Assets | $62M |
| Long-Term Investments | $14M |
| Tax Assets | $0 |
| Other Non-Current Assets | $116M |
| TOTAL NON-CURRENT ASSETS | $439M |
| TOTAL ASSETS | $661M |
| Account Payables | $18M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $72M |
| Long-Term Debt | $211M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $232M |
| TOTAL LIABILITIES | $304M |
| Common Stock | $6.5B |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$8.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $357M |
| Minority Interest | $0 |
| TOTAL EQUITY | $357M |
| TOTAL LIABILITIES & EQUITY | $661M |
| Total Debt | $240M |
| Net Debt | $147M |
