| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $545.5K | $1M | $573.7K | -63.6% | -4.9% |
| Op. Income | -$2M | -$1M | -$3M | -77.9% | 24.1% |
| Gross Margin | 44.9% | 81.9% | 48.6% | -37.1pp | -3.8pp |
| Net Margin | -395.5% | -401.5% | -466.9% | 6.0pp | 71.4pp |
| EPS (Diluted) | $-1.95 | $-3.45 | $-3.97 | 43.5% | 50.9% |
| Free Cash Flow | -$2M | -$3M | -$2M | 40.1% | 23.5% |
| Item | Amount |
|---|---|
| REVENUE | $545.5K |
| Cost of Revenue | $300.7K |
| GROSS PROFIT | $244.8K |
| R&D Expenses | $437.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $182.9K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $23.6K |
| Other Income/Expenses | $5.6K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $182.9K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $182.9K |
| Stock-Based Compensation | $60.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $52.0K |
| Change in Working Capital | $321.4K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$230.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$193.4K |
| NET CASH FROM INVESTING | -$230.3K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$15.1K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $125.8K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $2M |
| Goodwill | $1M |
| Intangible Assets | $186.8K |
| Long-Term Investments | $849.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | $25.3K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $7M |
| Account Payables | $252.3K |
| Short-Term Debt | $0 |
| Deferred Revenue | $338.6K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $250.5K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $2M |
| Common Stock | $24.9K |
| Additional Paid-In Capital | $68M |
| Retained Earnings | -$64M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $138.9K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4M |
| Minority Interest | $161.4K |
| TOTAL EQUITY | $4M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $1M |
| Net Debt | -$42.2K |
