| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $15M | $10M | -28.0% | 5.0% |
| Op. Income | -$4M | -$2M | -$33M | -76.8% | 88.0% |
| Gross Margin | 27.6% | 27.5% | -6.1% | 0.1pp | 33.7pp |
| Net Margin | -29.5% | -13.3% | -324.4% | -16.2pp | 294.9pp |
| EPS (Diluted) | $-0.02 | $-0.01 | $-0.27 | -58.5% | 93.1% |
| Free Cash Flow | -$4M | -$2M | -$3M | -88.2% | -16.8% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $8M |
| GROSS PROFIT | $3M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$4M |
| Interest Income | $446.4K |
| Interest Expense | $0 |
| Other Income/Expenses | $846.4K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $52.0K |
| 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 | $219.5K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $219.5K |
| Stock-Based Compensation | $774.4K |
| Deferred Income Tax | $52.2K |
| Other Non-Cash Items | $509.9K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$500.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | -$17 |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $16M |
| Net Receivables | $17M |
| Inventory | $6M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $123.8K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $65M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26.1K |
| Other Current Liabilities | $456.0K |
| TOTAL CURRENT LIABILITIES | $41M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $367.5K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $44M |
| Common Stock | $2M |
| Additional Paid-In Capital | $423M |
| Retained Earnings | -$405M |
| Treasury Stock | -$370.0K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $21M |
| Minority Interest | $0 |
| TOTAL EQUITY | $21M |
| TOTAL LIABILITIES & EQUITY | $65M |
| Total Debt | $2M |
| Net Debt | -$13M |
