| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -10.0% | 1.9% |
| Op. Income | -$1M | -$1M | -$2M | 2.4% | 28.0% |
| Gross Margin | 55.8% | 56.4% | 52.7% | -0.6pp | 3.1pp |
| Net Margin | -12.9% | -150.1% | -171.9% | 137.1pp | 159.0pp |
| EPS (Diluted) | $-0.01 | $-0.04 | $-0.12 | 78.1% | 92.1% |
| Free Cash Flow | -$253.0K | $304.0K | -$2M | -183.2% | 83.1% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $864.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $165.0K |
| Selling & Marketing | $308.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $66.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$253.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$253.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$253.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$253.0K |
| D&A | $66.0K |
| EBIT | -$187.0K |
| EBITDA | -$121.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$253.0K |
| Depreciation & Amortization | $66.0K |
| Stock-Based Compensation | $65.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $916.0K |
| OPERATING CASH FLOW | -$229.0K |
| Capital Expenditure | -$24.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$23.0K |
| NET CASH FROM INVESTING | -$24.0K |
| Net Debt Issuance | $180.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $180.0K |
| FREE CASH FLOW | -$253.0K |
| Net Change in Cash | -$71.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $429.0K |
| Short-Term Investments | $16M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $191.0K |
| Long-Term Investments | $0 |
| Tax Assets | $10.0K |
| Other Non-Current Assets | $15.0K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $5M |
| Account Payables | $7M |
| Short-Term Debt | $15M |
| Deferred Revenue | $13.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $26M |
| Long-Term Debt | $505.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $5M |
| Retained Earnings | -$34M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $250.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$24M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$24M |
| TOTAL LIABILITIES & EQUITY | $5M |
| Total Debt | $16M |
| Net Debt | $16M |
