| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | — | $40M | — | -13.7% |
| Op. Income | -$5M | — | -$8M | — | 32.4% |
| Gross Margin | -1.1% | — | -2.2% | — | 1.1pp |
| Net Margin | -9.0% | — | -9.1% | — | 0.1pp |
| EPS (Diluted) | $-0.18 | — | $-0.20 | — | 10.0% |
| Free Cash Flow | -$17M | — | -$12M | — | -36.5% |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $35M |
| GROSS PROFIT | -$365.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $6M |
| Other Expenses | -$1M |
| Operating Expenses | $5M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$5M |
| Interest Income | $15.0K |
| Interest Expense | $260.0K |
| Other Income/Expenses | -$132.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $145.0K |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $2M |
| EBIT | -$5M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $932.0K |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$9M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$9.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $599.0K |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | $17M |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | -$1M |
| Other Financing Activities | $16M |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $164M |
| Goodwill | $2M |
| Intangible Assets | $5M |
| Long-Term Investments | $82M |
| Tax Assets | $0 |
| Other Non-Current Assets | $21M |
| TOTAL NON-CURRENT ASSETS | $273M |
| TOTAL ASSETS | $301M |
| Account Payables | $12M |
| Short-Term Debt | $96.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $15M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $18M |
| Other Non-Current Liabilities | $59M |
| TOTAL NON-CURRENT LIABILITIES | $77M |
| TOTAL LIABILITIES | $104M |
| Common Stock | $180.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $16M |
| Treasury Stock | -$3M |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $170M |
| TOTAL STOCKHOLDERS' EQUITY | $187M |
| Minority Interest | $11M |
| TOTAL EQUITY | $197M |
| TOTAL LIABILITIES & EQUITY | $301M |
| Total Debt | $61M |
| Net Debt | $59M |
