| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $119M | $115M | -11.5% | -8.6% |
| Op. Income | -$3M | -$2M | $5M | -101.7% | -171.6% |
| Gross Margin | 45.1% | 44.4% | 48.2% | 0.7pp | -3.1pp |
| Net Margin | -1.8% | -1.1% | 3.3% | -0.7pp | -5.1pp |
| EPS (Diluted) | $-0.04 | $-0.02 | $0.06 | -81.0% | -164.3% |
| Free Cash Flow | -$19M | $9M | -$7M | -313.1% | -168.6% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $58M |
| GROSS PROFIT | $48M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $47M |
| Other Expenses | $4M |
| Operating Expenses | $51M |
| Cost & Expenses | $109M |
| OPERATING INCOME | -$3M |
| Interest Income | $284.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $284.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $4M |
| EBIT | -$3M |
| EBITDA | $139.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $456.0K |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $19.0K |
| Change in Working Capital | -$13M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$3M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$47.0K |
| NET CASH FROM FINANCING | -$47.0K |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $21M |
| Net Receivables | $1M |
| Inventory | $85M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $125M |
| PP&E (Net) | $233M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $21M |
| Other Non-Current Assets | $488.0K |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $380M |
| Account Payables | $31M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $460.0K |
| TOTAL NON-CURRENT LIABILITIES | $153M |
| TOTAL LIABILITIES | $239M |
| Common Stock | $796.0K |
| Additional Paid-In Capital | $330M |
| Retained Earnings | -$46M |
| Treasury Stock | -$144M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $141M |
| Minority Interest | $0 |
| TOTAL EQUITY | $141M |
| TOTAL LIABILITIES & EQUITY | $380M |
| Total Debt | $187M |
| Net Debt | $179M |
