| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $496.0K | $2M | $3M | -72.2% | -84.8% |
| Op. Income | -$8M | -$7M | $7M | -5.1% | -207.0% |
| Gross Margin | 17.7% | 32.3% | 59.8% | -14.5pp | -42.1pp |
| Net Margin | -1404.8% | -278.5% | 23.2% | -1126.3pp | -1428.0pp |
| EPS (Diluted) | $-0.15 | $-0.11 | $0.02 | -36.4% | -972.1% |
| Free Cash Flow | -$8M | -$3M | -$14M | -207.4% | 44.0% |
| Item | Amount |
|---|---|
| REVENUE | $496.0K |
| Cost of Revenue | $408.0K |
| GROSS PROFIT | $88.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $8M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | $877.0K |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $105.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $341.0K |
| EBIT | -$6M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $341.0K |
| Stock-Based Compensation | $511.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$221.0K |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$118.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$118.0K |
| Net Debt Issuance | $8M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8.0K |
| NET CASH FROM FINANCING | $8M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$396.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $32.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $499.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $17M |
| Account Payables | $1M |
| Short-Term Debt | $50M |
| Deferred Revenue | $36.0K |
| Other Current Liabilities | $669.0K |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $83M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $502M |
| Retained Earnings | -$569M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$66M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$66M |
| TOTAL LIABILITIES & EQUITY | $17M |
| Total Debt | $51M |
| Net Debt | $50M |
