| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | -28.3% | -53.8% |
| Op. Income | -$2M | -$6M | -$3M | 71.9% | 45.4% |
| Gross Margin | 37.8% | 10.3% | 56.3% | 27.6pp | -18.5pp |
| Net Margin | -156.8% | -409.8% | -126.7% | 253.0pp | -30.1pp |
| EPS (Diluted) | $-2.33 | $-8.51 | $-6.36 | 72.6% | 63.4% |
| Free Cash Flow | -$1M | -$3M | -$2M | 68.4% | 53.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $657.3K |
| GROSS PROFIT | $400.2K |
| R&D Expenses | $545.4K |
| Selling & Marketing | $347.1K |
| General & Administrative | $758.7K |
| SG&A Expenses | $1M |
| Other Expenses | $387.4K |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$2M |
| Interest Income | $2.8K |
| Interest Expense | $20.5K |
| Other Income/Expenses | -$20.0K |
| 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 | $432.7K |
| EBIT | -$2M |
| EBITDA | -$1M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $432.7K |
| Stock-Based Compensation | $15.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $111.0K |
| Change in Working Capital | $2.9K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $782.6K |
| Short-Term Investments | $0 |
| Net Receivables | $581.7K |
| Inventory | $0 |
| Other Current Assets | $163.8K |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $390.1K |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12.1K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $7M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $270.2K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $255.0K |
| TOTAL LIABILITIES | $5M |
| Common Stock | $250 |
| Additional Paid-In Capital | $75M |
| Retained Earnings | -$74M |
| Treasury Stock | -$172 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $300.1K |
| Net Debt | -$482.4K |
