| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $9M | $9M | 18.9% | 24.5% |
| Op. Income | -$764.6K | -$2M | -$645.0K | 64.6% | -18.5% |
| Gross Margin | 46.0% | 42.7% | 43.4% | 3.3pp | 2.6pp |
| Net Margin | -26.3% | -31.2% | -8.3% | 4.9pp | -17.9pp |
| EPS (Diluted) | $-0.07 | $-0.41 | $-0.10 | 84.1% | 34.9% |
| Free Cash Flow | -$606.7K | -$218.2K | -$446.5K | -178.0% | -35.9% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $5M |
| R&D Expenses | $350.2K |
| Selling & Marketing | $3M |
| General & Administrative | $2M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$764.6K |
| Interest Income | $0 |
| Interest Expense | $201.2K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $38.6K |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $483.0K |
| EBIT | -$764.6K |
| EBITDA | -$281.6K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$546.0K |
| Capital Expenditure | -$60.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$59.9K |
| NET CASH FROM INVESTING | -$120.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$19.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $125.4K |
| NET CASH FROM FINANCING | $106.0K |
| FREE CASH FLOW | -$606.7K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $63.0K |
| Net Receivables | $6M |
| Inventory | $14M |
| Other Current Assets | $464.9K |
| TOTAL CURRENT ASSETS | $29M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $482.4K |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $34M |
| TOTAL ASSETS | $63M |
| Account Payables | $3M |
| Short-Term Debt | $20M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $12M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $741.4K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $4.5K |
| Additional Paid-In Capital | $35M |
| Retained Earnings | -$3M |
| Treasury Stock | -$38.8K |
| Accum. Other Comp. Income | -$19M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $13M |
| Minority Interest | $156.2K |
| TOTAL EQUITY | $13M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $37M |
| Net Debt | $30M |
