| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $15M | $19M | 30.1% | -0.5% |
| Op. Income | -$2M | -$1M | -$2M | -80.6% | -38.7% |
| Gross Margin | 67.8% | 31.2% | 36.3% | 36.6pp | 31.5pp |
| Net Margin | -28.9% | -26.4% | -20.4% | -2.5pp | -8.5pp |
| EPS (Diluted) | $-0.40 | $-0.30 | $-0.42 | -33.3% | 4.8% |
| Free Cash Flow | -$7M | -$7M | -$6M | 10.0% | -3.7% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $13M |
| Operating Expenses | $15M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$10.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $3M |
| EBIT | -$3M |
| EBITDA | $412.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $543.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$601.0K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | -$902.0K |
| Acquisitions (Net) | $706.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $2M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $423.0K |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $27M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $36M |
| TOTAL ASSETS | $57M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $250.0K |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $33M |
| TOTAL NON-CURRENT LIABILITIES | $100M |
| TOTAL LIABILITIES | $115M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $337M |
| Retained Earnings | -$395M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$58M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$58M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $67M |
| Net Debt | $62M |
