| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $2M | -4.8% | -23.6% |
| Op. Income | -$657.0K | -$825.0K | -$819.0K | 20.4% | 19.8% |
| Gross Margin | 20.6% | 11.6% | 14.8% | 9.1pp | 5.8pp |
| Net Margin | -43.4% | -42.3% | -36.2% | -1.1pp | -7.1pp |
| EPS (Diluted) | $-0.08 | $-0.08 | $-0.12 | 2.4% | 36.8% |
| Free Cash Flow | -$276.0K | $162.0K | -$129.0K | -270.4% | -114.0% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $260.0K |
| R&D Expenses | $221.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $696.0K |
| Other Expenses | $0 |
| Operating Expenses | $917.0K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$657.0K |
| Interest Income | $0 |
| Interest Expense | $67.0K |
| Other Income/Expenses | $110.0K |
| INCOME BEFORE TAX | -$547.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$547.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$547.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$547.0K |
| D&A | $156.0K |
| EBIT | -$480.0K |
| EBITDA | -$324.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$547.0K |
| Depreciation & Amortization | $156.0K |
| Stock-Based Compensation | $25.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $297.0K |
| Change in Working Capital | -$89.0K |
| OPERATING CASH FLOW | -$158.0K |
| Capital Expenditure | -$118.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$4.0K |
| NET CASH FROM INVESTING | -$122.0K |
| Net Debt Issuance | -$112.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$132.0K |
| NET CASH FROM FINANCING | -$244.0K |
| FREE CASH FLOW | -$276.0K |
| Net Change in Cash | -$425.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $261.0K |
| Inventory | $4M |
| Other Current Assets | $262.0K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $85.0K |
| Long-Term Investments | $949.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $223.0K |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $10M |
| Account Payables | $340.0K |
| Short-Term Debt | $3M |
| Deferred Revenue | $336.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $744.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $9M |
| Common Stock | $0 |
| Additional Paid-In Capital | $187M |
| Retained Earnings | -$189M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $5M |
| Net Debt | $3M |
