| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $828.0K | $1M | $1M | -30.8% | -17.3% |
| Op. Income | -$12M | -$12M | -$11M | -0.9% | -15.7% |
| Gross Margin | -87.3% | -79.2% | -65.4% | -8.1pp | -21.9pp |
| Net Margin | -3249.8% | -964.2% | -1060.1% | -2285.6pp | -2189.6pp |
| EPS (Diluted) | $-0.52 | $-0.20 | $-0.40 | -160.0% | -30.0% |
| Free Cash Flow | -$13M | -$10M | -$13M | -24.0% | 0.7% |
| Item | Amount |
|---|---|
| REVENUE | $828.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$723.0K |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $6M |
| SG&A Expenses | $10M |
| Other Expenses | $105.0K |
| Operating Expenses | $12M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$12M |
| Interest Income | $66.0K |
| Interest Expense | $9.0K |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $221.0K |
| EBIT | -$27M |
| EBITDA | -$27M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $221.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$93.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$93.0K |
| Net Debt Issuance | $360.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $144.0K |
| NET CASH FROM FINANCING | $15M |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $0 |
| Net Receivables | $61.0K |
| Inventory | $484.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $631.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $5M |
| TOTAL ASSETS | $33M |
| Account Payables | $829.0K |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $37M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $38M |
| Common Stock | $84.0K |
| Additional Paid-In Capital | $180M |
| Retained Earnings | -$240M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $33M |
| Total Debt | $35M |
| Net Debt | $10M |
