| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $8M | $25M | 10.4% | -65.5% |
| Op. Income | -$808.0K | -$934.0K | $14M | 13.5% | -105.9% |
| Gross Margin | 95.7% | 91.6% | 97.8% | 4.2pp | -2.1pp |
| Net Margin | -13.3% | -25.0% | 50.6% | 11.7pp | -63.9pp |
| EPS (Diluted) | $-0.04 | $-0.06 | $0.41 | 26.4% | -110.3% |
| Free Cash Flow | -$4M | -$1M | $39M | -192.9% | -111.1% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $373.0K |
| GROSS PROFIT | $8M |
| R&D Expenses | $94.0K |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$808.0K |
| Interest Income | $235.3K |
| Interest Expense | $603.2K |
| Other Income/Expenses | -$357.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $26.0K |
| EBIT | -$808.0K |
| EBITDA | -$782.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $39.0K |
| Stock-Based Compensation | $798.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $80.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$4M |
| 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 | -$10.9K |
| NET CASH FROM FINANCING | $359.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $0 |
| Net Receivables | $15M |
| Inventory | $1M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $43M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $46M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $248.0K |
| TOTAL CURRENT LIABILITIES | $8M |
| Long-Term Debt | $19M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $25M |
| TOTAL NON-CURRENT LIABILITIES | $44M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $146M |
| Additional Paid-In Capital | $68M |
| Retained Earnings | -$221M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $1 |
| TOTAL STOCKHOLDERS' EQUITY | -$6M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$6M |
| TOTAL LIABILITIES & EQUITY | $46M |
| Total Debt | $19M |
| Net Debt | -$3M |
