| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65M | $69M | $138M | -6.0% | -52.8% |
| Op. Income | -$22M | -$4M | $72M | -399.9% | -130.6% |
| Gross Margin | 51.5% | 62.9% | 92.7% | -11.4pp | -41.2pp |
| Net Margin | -62.2% | -30.8% | 44.3% | -31.4pp | -106.5pp |
| EPS (Diluted) | $-0.21 | $-0.11 | $0.34 | -90.9% | -161.8% |
| Free Cash Flow | -$23M | -$35M | $54M | 35.3% | -142.1% |
| Item | Amount |
|---|---|
| REVENUE | $65M |
| Cost of Revenue | $32M |
| GROSS PROFIT | $33M |
| R&D Expenses | $13M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $43M |
| Other Expenses | $0 |
| Operating Expenses | $56M |
| Cost & Expenses | $87M |
| OPERATING INCOME | -$22M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $26.0K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $725.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | -$23M |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$8M |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $115M |
| Short-Term Investments | $0 |
| Net Receivables | $81M |
| Inventory | $99M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $319M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $56.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $324M |
| Account Payables | $72M |
| Short-Term Debt | $55M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $64M |
| TOTAL CURRENT LIABILITIES | $271M |
| Long-Term Debt | $238M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $239M |
| TOTAL NON-CURRENT LIABILITIES | $479M |
| TOTAL LIABILITIES | $750M |
| Common Stock | $197.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$55M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$426M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$426M |
| TOTAL LIABILITIES & EQUITY | $324M |
| Total Debt | $298M |
| Net Debt | $183M |
