| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $13M | $12M | -6.3% | 1.1% |
| Op. Income | -$205.0K | -$502.0K | -$3M | 59.2% | 93.8% |
| Gross Margin | 42.5% | 44.0% | 37.2% | -1.5pp | 5.3pp |
| Net Margin | -14.2% | -6.6% | -29.5% | -7.6pp | 15.3pp |
| EPS (Diluted) | $-0.10 | $-0.05 | $-0.21 | -99.6% | 52.4% |
| Free Cash Flow | -$1M | -$1M | -$2M | 7.0% | 29.7% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $5M |
| R&D Expenses | $876.0K |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $5M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$205.0K |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $12.0K |
| 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 | $381.0K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $381.0K |
| Stock-Based Compensation | $213.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$11.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$11.0K |
| Net Debt Issuance | $39.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $10M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $2M |
| Goodwill | $965.0K |
| Intangible Assets | $1M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $34M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $8M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $33M |
| Common Stock | $174.0K |
| Additional Paid-In Capital | $90M |
| Retained Earnings | -$90M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $29.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $852.0K |
| Minority Interest | $0 |
| TOTAL EQUITY | $852.0K |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $5M |
| Net Debt | -$2M |
