| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $24M | $19M | -5.2% | 19.5% |
| Op. Income | -$15M | -$13M | -$15M | -8.5% | -0.2% |
| Gross Margin | 72.5% | 74.0% | 74.1% | -1.5pp | -1.6pp |
| Net Margin | -64.1% | -55.4% | -72.9% | -8.7pp | 8.8pp |
| EPS (Diluted) | $-0.36 | $-0.33 | $-0.36 | -9.1% | 0.0% |
| Free Cash Flow | -$14M | -$7M | -$12M | -97.7% | -10.4% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $16M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $26M |
| Other Expenses | $0 |
| Operating Expenses | $31M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$15M |
| Interest Income | $864.0K |
| Interest Expense | $781.0K |
| Other Income/Expenses | $250.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $135.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $531.0K |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $278.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $119.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$301.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$4M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $664.0K |
| NET CASH FROM FINANCING | $664.0K |
| FREE CASH FLOW | -$14M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $75M |
| Short-Term Investments | $14M |
| Net Receivables | $15M |
| Inventory | $17M |
| Other Current Assets | $531.0K |
| TOTAL CURRENT ASSETS | $124M |
| PP&E (Net) | $22M |
| Goodwill | $2M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $27M |
| TOTAL ASSETS | $151M |
| Account Payables | $4M |
| Short-Term Debt | $8M |
| Deferred Revenue | $128.0K |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $29M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $79.0K |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $48M |
| TOTAL LIABILITIES | $73M |
| Common Stock | $40.0K |
| Additional Paid-In Capital | $557M |
| Retained Earnings | -$482M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $78M |
| Minority Interest | $0 |
| TOTAL EQUITY | $78M |
| TOTAL LIABILITIES & EQUITY | $151M |
| Total Debt | $57M |
| Net Debt | -$18M |
