| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $31M | $25M | -28.2% | -9.6% |
| Op. Income | -$9M | -$4M | -$10M | -95.1% | 9.5% |
| Gross Margin | 25.6% | 36.5% | 21.0% | -10.9pp | 4.6pp |
| Net Margin | -48.2% | -36.5% | -53.6% | -11.7pp | 5.4pp |
| EPS (Diluted) | $-0.58 | $-0.61 | $-0.70 | 4.9% | 17.1% |
| Free Cash Flow | -$2M | -$6M | -$8M | 62.5% | 72.7% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $6M |
| R&D Expenses | $3M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $14M |
| Cost & Expenses | $31M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $55.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$9M |
| EBITDA | -$7M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $898.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $272.0K |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$563.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$188.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $17M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $50M |
| PP&E (Net) | $39M |
| Goodwill | $21M |
| Intangible Assets | $19M |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $84M |
| TOTAL ASSETS | $135M |
| Account Payables | $25M |
| Short-Term Debt | $16M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $62M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $96M |
| Common Stock | $865.0K |
| Additional Paid-In Capital | $276M |
| Retained Earnings | -$236M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $0 |
| TOTAL EQUITY | $39M |
| TOTAL LIABILITIES & EQUITY | $135M |
| Total Debt | $47M |
| Net Debt | $46M |
