| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $52M | $47M | $45M | 9.0% | 16.0% |
| Op. Income | -$10M | -$26M | -$15M | 63.6% | 34.7% |
| Gross Margin | 26.7% | 2.4% | 16.8% | 24.3pp | 9.9pp |
| Net Margin | -15.7% | -52.7% | -30.9% | 37.0pp | 15.3pp |
| EPS (Diluted) | $-0.16 | $-0.52 | $-0.29 | 69.2% | 44.8% |
| Free Cash Flow | -$2M | -$7M | $10M | 64.6% | -123.4% |
| Item | Amount |
|---|---|
| REVENUE | $52M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $14M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $61M |
| OPERATING INCOME | -$10M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $137.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $4M |
| EBIT | -$10M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$3.0K |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$546.0K |
| OPERATING CASH FLOW | -$20.0K |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $34M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $19M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $82M |
| Short-Term Investments | $35M |
| Net Receivables | $37M |
| Inventory | $44M |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $216M |
| PP&E (Net) | $57M |
| Goodwill | $12M |
| Intangible Assets | $684.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $74M |
| TOTAL ASSETS | $290M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $20M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $40M |
| TOTAL LIABILITIES | $77M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $550M |
| Retained Earnings | -$333M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $213M |
| Minority Interest | $0 |
| TOTAL EQUITY | $213M |
| TOTAL LIABILITIES & EQUITY | $290M |
| Total Debt | $33M |
| Net Debt | -$50M |
