| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $41M | $45M | $37M | -7.0% | 11.3% |
| Op. Income | -$17M | -$19M | -$9M | 9.2% | -91.8% |
| Gross Margin | 67.2% | 68.5% | 65.6% | -1.3pp | 1.6pp |
| Net Margin | -50.1% | -77.6% | -43.6% | 27.5pp | -6.5pp |
| EPS (Diluted) | $-0.70 | $-1.19 | $-0.58 | 41.2% | -20.7% |
| Free Cash Flow | -$21M | -$23M | -$18M | 4.6% | -20.8% |
| Item | Amount |
|---|---|
| REVENUE | $41M |
| Cost of Revenue | $14M |
| GROSS PROFIT | $28M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $45M |
| Cost & Expenses | $58M |
| OPERATING INCOME | -$17M |
| Interest Income | $250.0K |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $914.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $3M |
| EBIT | -$14M |
| EBITDA | -$11M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$21M |
| Capital Expenditure | -$753.0K |
| Acquisitions (Net) | -$307.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$276.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$282.0K |
| NET CASH FROM FINANCING | -$203.0K |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $69M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $90M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $232M |
| PP&E (Net) | $82M |
| Goodwill | $1M |
| Intangible Assets | $12M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $102M |
| TOTAL ASSETS | $333M |
| Account Payables | $45M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $69M |
| Long-Term Debt | $220M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $553.0K |
| TOTAL NON-CURRENT LIABILITIES | $226M |
| TOTAL LIABILITIES | $295M |
| Common Stock | $425M |
| Additional Paid-In Capital | $79M |
| Retained Earnings | -$465M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $0 |
| TOTAL EQUITY | $39M |
| TOTAL LIABILITIES & EQUITY | $333M |
| Total Debt | $226M |
| Net Debt | $157M |
