| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $5M | $4M | 3.1% | 16.8% |
| Op. Income | $662.0K | $287.6K | $555.4K | 130.2% | 19.2% |
| Gross Margin | 65.8% | 65.3% | 64.9% | 0.5pp | 0.9pp |
| Net Margin | 17.5% | 6.5% | 14.1% | 11.1pp | 3.4pp |
| EPS (Diluted) | $0.08 | $-0.29 | $0.06 | 127.6% | 43.1% |
| Free Cash Flow | $513.4K | $2M | -$460.4K | -73.6% | 211.5% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $543.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $662.0K |
| Interest Income | $194.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $272.8K |
| INCOME BEFORE TAX | $934.9K |
| Income Tax Expense | $21.9K |
| Net Income from Continuing Ops | $913.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $913.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $913.0K |
| D&A | $333.4K |
| EBIT | $662.0K |
| EBITDA | $995.4K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $3M |
| R&D Expenses | $543.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | $662.0K |
| Interest Income | $194.2K |
| Interest Expense | $0 |
| Other Income/Expenses | $272.8K |
| INCOME BEFORE TAX | $934.9K |
| Income Tax Expense | $21.9K |
| Net Income from Continuing Ops | $913.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $913.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $913.0K |
| D&A | $333.4K |
| EBIT | $662.0K |
| EBITDA | $995.4K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $913.0K |
| Depreciation & Amortization | $333.4K |
| Stock-Based Compensation | $100.1K |
| Deferred Income Tax | -$27.0K |
| Other Non-Cash Items | -$678.0K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $641.5K |
| Capital Expenditure | -$128.1K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$7.0K |
| NET CASH FROM INVESTING | -$135.1K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $513.4K |
| Net Change in Cash | $62.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $13M |
| Other Current Assets | $212.3K |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $7M |
| Goodwill | $4M |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $57M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $145.8K |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $36.9K |
| Deferred Tax Liabilities | $51.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $447.8K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $11.2K |
| Additional Paid-In Capital | $63M |
| Retained Earnings | -$6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | -$61.9K |
| TOTAL STOCKHOLDERS' EQUITY | $53M |
| Minority Interest | $0 |
| TOTAL EQUITY | $53M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $392.4K |
| Net Debt | -$22M |
