| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $9M | $9M | -4.6% | -2.9% |
| Op. Income | -$4M | -$4M | -$5M | 3.9% | 16.5% |
| Gross Margin | 71.1% | 102.7% | 76.5% | -31.6pp | -5.3pp |
| Net Margin | -16.9% | -86.2% | -67.7% | 69.2pp | 50.8pp |
| EPS (Diluted) | $-0.02 | $-0.14 | $-0.11 | 82.6% | 77.9% |
| Free Cash Flow | -$4M | -$2M | -$5M | -42.4% | 29.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $6M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $8M |
| Operating Expenses | $10M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $605.1K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $368.5K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $404.7K |
| Stock-Based Compensation | $818.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$388.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$47.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$47.2K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $3M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $20M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $50.3K |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $51M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $546.0K |
| Other Current Liabilities | $796.9K |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $14M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $62.5K |
| Additional Paid-In Capital | $318M |
| Retained Earnings | -$305M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $51M |
| Total Debt | $27M |
| Net Debt | $15M |
