| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $14M | $14M | $15M | -3.6% | -6.0% |
| Op. Income | -$833.1K | -$9M | -$2M | 90.7% | 54.6% |
| Gross Margin | 14.9% | 7.1% | 9.1% | 7.9pp | 5.8pp |
| Net Margin | -6.0% | -67.1% | -12.8% | 61.1pp | 6.8pp |
| EPS (Diluted) | $-0.03 | $-0.50 | $-0.11 | 93.2% | 68.9% |
| Free Cash Flow | -$200.1K | -$5M | -$3M | 95.8% | 94.3% |
| Item | Amount |
|---|---|
| REVENUE | $14M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $2M |
| R&D Expenses | $15.6K |
| Selling & Marketing | $28.2K |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $320.4K |
| Operating Expenses | $3M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$833.1K |
| Interest Income | $91.3K |
| Interest Expense | $187.1K |
| Other Income/Expenses | $15.0K |
| INCOME BEFORE TAX | -$818.1K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$818.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$818.1K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$818.1K |
| D&A | $320.4K |
| EBIT | -$631.0K |
| EBITDA | -$310.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$818.1K |
| Depreciation & Amortization | $320.4K |
| Stock-Based Compensation | $556.6K |
| Deferred Income Tax | $7.4K |
| Other Non-Cash Items | $41.6K |
| Change in Working Capital | -$294.3K |
| OPERATING CASH FLOW | -$186.3K |
| Capital Expenditure | -$13.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $5.5K |
| NET CASH FROM INVESTING | -$7.1K |
| Net Debt Issuance | $560.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $560.9K |
| FREE CASH FLOW | -$200.1K |
| Net Change in Cash | $427.8K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $742.9K |
| Short-Term Investments | $25.3K |
| Net Receivables | $17M |
| Inventory | $5M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $13M |
| Goodwill | $49.7K |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $57M |
| Account Payables | $12M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $27.3K |
| Additional Paid-In Capital | $143M |
| Retained Earnings | -$115M |
| Treasury Stock | -$917.2K |
| Accum. Other Comp. Income | -$1M |
| Other Equity | -$20 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $13M |
| Net Debt | $12M |
