| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $39M | $38M | 12.9% | 16.6% |
| Op. Income | $8M | $5M | $4M | 53.5% | 93.0% |
| Gross Margin | 47.1% | 43.7% | 44.4% | 3.5pp | 2.7pp |
| Net Margin | 9.0% | 9.8% | 6.3% | -0.8pp | 2.7pp |
| EPS (Diluted) | $0.07 | $0.07 | $0.04 | 0.0% | 71.6% |
| Free Cash Flow | -$2M | $7M | -$2M | -126.5% | -19.2% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $21M |
| R&D Expenses | $4M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $8M |
| Interest Income | $534.0K |
| Interest Expense | $192.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $4M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $23M |
| GROSS PROFIT | $21M |
| R&D Expenses | $4M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $36M |
| OPERATING INCOME | $8M |
| Interest Income | $534.0K |
| Interest Expense | $192.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $7M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $4M |
| D&A | $4M |
| EBIT | $7M |
| EBITDA | $10M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $4M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $175.0K |
| Deferred Income Tax | $3M |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$513.0K |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8.0K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$14.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$279.0K |
| NET CASH FROM FINANCING | -$293.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $0 |
| Net Receivables | $34M |
| Inventory | $78M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $189M |
| PP&E (Net) | $47M |
| Goodwill | $30M |
| Intangible Assets | $101M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $187M |
| TOTAL ASSETS | $375M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $205.0K |
| Other Current Liabilities | $11M |
| TOTAL CURRENT LIABILITIES | $57M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $55M |
| TOTAL NON-CURRENT LIABILITIES | $66M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $15M |
| Additional Paid-In Capital | $268M |
| Retained Earnings | -$33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $5M |
| TOTAL STOCKHOLDERS' EQUITY | $252M |
| Minority Interest | $0 |
| TOTAL EQUITY | $252M |
| TOTAL LIABILITIES & EQUITY | $375M |
| Total Debt | $11M |
| Net Debt | -$65M |
