| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $25M | $27M | $29M | -5.6% | -13.2% |
| Op. Income | -$2M | -$3M | -$4M | 30.0% | 40.9% |
| Gross Margin | 29.3% | 26.5% | 33.9% | 2.8pp | -4.6pp |
| Net Margin | -6.7% | -16.0% | -10.8% | 9.3pp | 4.1pp |
| EPS (Diluted) | $-0.09 | $-0.22 | $-0.16 | 59.1% | 43.8% |
| Free Cash Flow | -$2M | -$487.0K | -$3M | -407.0% | 22.6% |
| Item | Amount |
|---|---|
| REVENUE | $25M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $7M |
| R&D Expenses | $1M |
| Selling & Marketing | $5M |
| General & Administrative | $4M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$2M |
| Interest Income | $567.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $558.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $25.0K |
| 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 | $3M |
| EBIT | -$2M |
| EBITDA | $645.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $337.0K |
| Deferred Income Tax | $46.0K |
| Other Non-Cash Items | $796.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $635.0K |
| NET CASH FROM INVESTING | -$557.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$163.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1.0K |
| NET CASH FROM FINANCING | -$162.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $49M |
| Short-Term Investments | $0 |
| Net Receivables | $23M |
| Inventory | $22M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $122M |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $733.0K |
| Long-Term Investments | $0 |
| Tax Assets | $137.0K |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $30M |
| TOTAL ASSETS | $151M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $41.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $566.0K |
| TOTAL LIABILITIES | $14M |
| Common Stock | $212.0K |
| Additional Paid-In Capital | $168M |
| Retained Earnings | -$14M |
| Treasury Stock | -$12M |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $138M |
| Minority Interest | $0 |
| TOTAL EQUITY | $138M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $1M |
| Net Debt | -$48M |
