| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $3M | $2M | 69.6% | 251.9% |
| Op. Income | -$198.0K | -$1M | -$432.0K | 80.9% | 54.2% |
| Gross Margin | 25.5% | 8.5% | 31.2% | 17.0pp | -5.7pp |
| Net Margin | -4.8% | -32.9% | -29.4% | 28.1pp | 24.6pp |
| EPS (Diluted) | $-0.04 | $-0.16 | $-0.07 | 74.4% | 43.2% |
| Free Cash Flow | -$2M | -$757.0K | -$201.0K | -102.9% | -664.2% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $22.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$198.0K |
| Interest Income | $0 |
| Interest Expense | $73.0K |
| Other Income/Expenses | -$73.0K |
| INCOME BEFORE TAX | -$271.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$271.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$271.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$271.0K |
| D&A | $12.0K |
| EBIT | -$198.0K |
| EBITDA | -$186.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$271.0K |
| Depreciation & Amortization | $12.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$2M |
| 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 | $831.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $325.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $612.0K |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $1M |
| Other Current Assets | $242.0K |
| TOTAL CURRENT ASSETS | $8M |
| PP&E (Net) | $68.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $26.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $10M |
| Account Payables | $3M |
| Short-Term Debt | $1M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $14M |
| Common Stock | $0 |
| Additional Paid-In Capital | $6M |
| Retained Earnings | -$11M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $4M |
| Net Debt | $4M |
