| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $1M | $954.0K | 45.4% | 60.2% |
| Op. Income | -$566.1K | -$495.1K | -$8M | -14.3% | 93.1% |
| Gross Margin | 27.3% | 15.2% | 23.2% | 12.1pp | 4.2pp |
| Net Margin | -39.4% | 69.9% | -881.9% | -109.3pp | 842.6pp |
| EPS (Diluted) | $-0.32 | $-0.24 | $-6.00 | -37.3% | 94.6% |
| Free Cash Flow | -$619.3K | -$435.9K | -$629.9K | -42.1% | 1.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $417.7K |
| R&D Expenses | $122 |
| Selling & Marketing | $29.5K |
| General & Administrative | $906.0K |
| SG&A Expenses | $983.6K |
| Other Expenses | $0 |
| Operating Expenses | $983.7K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$566.1K |
| Interest Income | $0 |
| Interest Expense | $21.8K |
| Other Income/Expenses | -$36.9K |
| INCOME BEFORE TAX | -$603.0K |
| Income Tax Expense | $2.1K |
| Net Income from Continuing Ops | -$605.1K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$602.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$602.0K |
| D&A | $46.8K |
| EBIT | -$566.1K |
| EBITDA | -$519.3K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$602.0K |
| Depreciation & Amortization | $89.2K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $65.6K |
| Change in Working Capital | -$160.6K |
| OPERATING CASH FLOW | -$607.7K |
| Capital Expenditure | -$11.6K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $558.9K |
| NET CASH FROM FINANCING | $558.9K |
| FREE CASH FLOW | -$619.3K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $176.6K |
| Short-Term Investments | $0 |
| Net Receivables | $426.7K |
| Inventory | $116.8K |
| Other Current Assets | $71.5K |
| TOTAL CURRENT ASSETS | $1M |
| PP&E (Net) | $322.8K |
| Goodwill | $0 |
| Intangible Assets | $260.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $232.8K |
| TOTAL NON-CURRENT ASSETS | $816.0K |
| TOTAL ASSETS | $2M |
| Account Payables | $316.5K |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $636.1K |
| TOTAL CURRENT LIABILITIES | $6M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $58.7K |
| TOTAL NON-CURRENT LIABILITIES | $141.5K |
| TOTAL LIABILITIES | $6M |
| Common Stock | $48M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$51M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$234.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$4M |
| Minority Interest | -$16.8K |
| TOTAL EQUITY | -$4M |
| TOTAL LIABILITIES & EQUITY | $2M |
| Total Debt | $2M |
| Net Debt | $2M |
