| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $15M | $3M | 31.0% | 530.3% |
| Op. Income | $642.0K | $3M | -$10M | -78.9% | 106.2% |
| Gross Margin | 85.6% | 85.9% | 71.2% | -0.3pp | 14.4pp |
| Net Margin | 5.4% | -22.5% | -354.0% | 27.9pp | 359.4pp |
| EPS (Diluted) | $0.03 | $-0.11 | $-0.45 | 125.5% | 106.1% |
| Free Cash Flow | $2M | -$1M | -$10M | 267.0% | 121.5% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $17M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $642.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $622.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $195.0K |
| 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 | $67.0K |
| EBIT | $642.0K |
| EBITDA | $709.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $17M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $19M |
| OPERATING INCOME | $642.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $622.0K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $195.0K |
| 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 | $67.0K |
| EBIT | $642.0K |
| EBITDA | $709.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $67.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$306.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$140.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$30M |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | $3M |
| FREE CASH FLOW | $2M |
| Net Change in Cash | -$20M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $46M |
| Net Receivables | $14M |
| Inventory | $7M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $84M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $87M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $896.0K |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $7M |
| Common Stock | $334.0K |
| Additional Paid-In Capital | $610M |
| Retained Earnings | -$530M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $381.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $0 |
| TOTAL EQUITY | $80M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $1M |
| Net Debt | -$12M |
