| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $629.0K | $902.0K | $255.0K | -30.3% | 146.7% |
| Op. Income | -$9M | -$6M | -$4M | -48.9% | -126.8% |
| Gross Margin | 11.0% | 24.6% | -32.5% | -13.6pp | 43.5pp |
| Net Margin | -1520.3% | -705.0% | 1061.6% | -815.4pp | -2581.9pp |
| EPS (Diluted) | $-0.18 | $-0.28 | $-2.57 | 35.7% | 93.0% |
| Free Cash Flow | -$6M | -$4M | -$4M | -39.5% | -71.3% |
| Item | Amount |
|---|---|
| REVENUE | $629.0K |
| Cost of Revenue | $560.0K |
| GROSS PROFIT | $69.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $1M |
| General & Administrative | $6M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $120.0K |
| Other Income/Expenses | -$132.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $648.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $103.0K |
| Change in Working Capital | $467.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$52.0K |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$406.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$622.0K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $171.0K |
| Short-Term Investments | $0 |
| Net Receivables | $280.0K |
| Inventory | $1M |
| Other Current Assets | $900.0K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $613.0K |
| Goodwill | $0 |
| Intangible Assets | $90M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $93M |
| TOTAL ASSETS | $96M |
| Account Payables | $3M |
| Short-Term Debt | $111.0K |
| Deferred Revenue | $224.0K |
| Other Current Liabilities | $484.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10.0K |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $390M |
| Retained Earnings | -$308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $82M |
| Minority Interest | $0 |
| TOTAL EQUITY | $82M |
| TOTAL LIABILITIES & EQUITY | $96M |
| Total Debt | $10M |
| Net Debt | $10M |
