| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $13M | $14M | $13M | -3.5% | 0.8% |
| Op. Income | -$3M | $2M | -$10M | -248.8% | 67.1% |
| Gross Margin | 63.5% | 83.6% | 47.7% | -20.0pp | 15.9pp |
| Net Margin | -31.0% | 11.2% | -80.1% | -42.2pp | 49.1pp |
| EPS (Diluted) | $-0.18 | $0.07 | $-0.53 | -362.0% | 66.0% |
| Free Cash Flow | -$3M | $2M | -$5M | -227.3% | 43.6% |
| Item | Amount |
|---|---|
| REVENUE | $13M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $8M |
| R&D Expenses | $39.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $1M |
| Operating Expenses | $12M |
| Cost & Expenses | $16M |
| OPERATING INCOME | -$3M |
| Interest Income | $149.0K |
| Interest Expense | $891.0K |
| Other Income/Expenses | -$749.0K |
| INCOME BEFORE TAX | -$4M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $1M |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $296.0K |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$625.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $765.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $12M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $54M |
| PP&E (Net) | $178.0K |
| Goodwill | $0 |
| Intangible Assets | $31M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $85M |
| Account Payables | $14M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $23M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $113M |
| Retained Earnings | -$91M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $22M |
| Minority Interest | $0 |
| TOTAL EQUITY | $22M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $25M |
| Net Debt | $4M |
