| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $64M | $66M | $77M | -3.0% | -17.0% |
| Op. Income | -$8M | -$35M | -$6M | 76.8% | -31.8% |
| Gross Margin | 40.3% | 37.9% | 42.3% | 2.4pp | -2.0pp |
| Net Margin | -12.5% | -48.2% | -7.4% | 35.7pp | -5.0pp |
| EPS (Diluted) | $-0.01 | $-0.05 | $-0.01 | 75.0% | -27.0% |
| Free Cash Flow | $8M | -$3M | $6M | 402.8% | 29.5% |
| Item | Amount |
|---|---|
| REVENUE | $64M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $26M |
| R&D Expenses | $0 |
| Selling & Marketing | $16M |
| General & Administrative | $18M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $34M |
| Cost & Expenses | $72M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $577.0K |
| Other Income/Expenses | $46.0K |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | -$74.0K |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $1M |
| EBIT | -$7M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$567.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$427.0K |
| NET CASH FROM INVESTING | -$567.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | -$239.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$42.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $40M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $23M |
| Goodwill | $7M |
| Intangible Assets | $21M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $691.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $114M |
| Account Payables | $10M |
| Short-Term Debt | $10M |
| Deferred Revenue | $19M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $868.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $108M |
| Common Stock | $43.0K |
| Additional Paid-In Capital | $264M |
| Retained Earnings | -$256M |
| Treasury Stock | -$735.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $7M |
| Minority Interest | $0 |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $114M |
| Total Debt | $32M |
| Net Debt | $23M |
