| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $8M | $5M | -33.3% | -4.7% |
| Op. Income | -$5M | -$10M | -$7M | 49.1% | 25.4% |
| Gross Margin | 42.2% | 24.4% | 26.4% | 17.7pp | 15.7pp |
| Net Margin | -96.0% | -202.5% | -118.8% | 106.5pp | 22.8pp |
| EPS (Diluted) | $-5.52 | $-20.76 | $-8.76 | 73.4% | 37.0% |
| Free Cash Flow | -$5M | -$4M | -$8M | -38.5% | 28.3% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $918.0K |
| Selling & Marketing | $4M |
| General & Administrative | $2M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$5M |
| Interest Income | $56.0K |
| Interest Expense | $31.0K |
| Other Income/Expenses | $30.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $90.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $90.0K |
| Stock-Based Compensation | $220.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$7.0K |
| Change in Working Capital | -$962.0K |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $7M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $1M |
| Goodwill | $8M |
| Intangible Assets | $0 |
| Long-Term Investments | $360.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | -$141.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $29M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $1M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $9M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $61.0K |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $5M |
| Additional Paid-In Capital | $286M |
| Retained Earnings | -$270M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $18M |
| Minority Interest | $0 |
| TOTAL EQUITY | $18M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $619.0K |
| Net Debt | -$5M |
