| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $10M | $8M | 15.2% | 38.4% |
| Op. Income | -$16M | -$17M | -$10M | 6.2% | -52.8% |
| Gross Margin | 12.6% | 5.4% | 9.4% | 7.2pp | 3.2pp |
| Net Margin | -324.6% | -360.1% | -286.9% | 35.4pp | -37.8pp |
| EPS (Diluted) | $-4.32 | $-4.28 | $-2.89 | -0.9% | -49.5% |
| Free Cash Flow | -$15M | -$9M | -$42M | -69.0% | 65.5% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $10M |
| GROSS PROFIT | $1M |
| R&D Expenses | $7M |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | $1M |
| Operating Expenses | $17M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $19M |
| Other Income/Expenses | -$22M |
| INCOME BEFORE TAX | -$38M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$38M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$38M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$38M |
| D&A | $6M |
| EBIT | -$19M |
| EBITDA | -$13M |
| EPS | -$4 |
| EPS Diluted | -$4 |
| Item | Amount |
|---|---|
| Net Income | -$38M |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $590.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $21M |
| Change in Working Capital | $634.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $35M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | $21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $7M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $370M |
| Goodwill | $0 |
| Intangible Assets | $37M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $142.0K |
| TOTAL NON-CURRENT ASSETS | $407M |
| TOTAL ASSETS | $447M |
| Account Payables | $15M |
| Short-Term Debt | $60.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $530M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $540M |
| TOTAL LIABILITIES | $560M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $326M |
| Retained Earnings | -$461M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$113M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$113M |
| TOTAL LIABILITIES & EQUITY | $447M |
| Total Debt | $530M |
| Net Debt | $512M |
