| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $4M | -21.8% | -36.1% |
| Op. Income | -$3M | -$2M | -$2M | -40.8% | -37.0% |
| Gross Margin | 5.2% | 30.0% | 31.8% | -24.7pp | -26.5pp |
| Net Margin | -122.5% | -74.5% | -52.4% | -48.0pp | -70.1pp |
| EPS (Diluted) | $-0.11 | $-0.09 | $-0.08 | -20.2% | -38.9% |
| Free Cash Flow | -$1M | -$2M | $364.0K | 8.0% | -500.0% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $121.0K |
| R&D Expenses | $691.0K |
| Selling & Marketing | $1M |
| General & Administrative | $1M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $12.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $203.0K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $203.0K |
| Stock-Based Compensation | $23.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $351.0K |
| Change in Working Capital | $818.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$17.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$1.0K |
| NET CASH FROM INVESTING | -$18.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$456.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $961.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $10M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $5M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$13M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$319.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $460.0K |
| Net Debt | -$501.0K |
