| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $29M | — | 10.2% | — |
| Op. Income | $13M | $13M | — | 5.2% | — |
| Gross Margin | 52.7% | 56.7% | — | -4.0pp | — |
| Net Margin | 29.6% | 16.1% | — | 13.5pp | — |
| EPS (Diluted) | $0.12 | $0.00 | — | Infinity% | — |
| Free Cash Flow | $4M | $11M | — | -64.3% | — |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $13M |
| Interest Income | $4.0K |
| Interest Expense | $226.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $2M |
| Operating Expenses | $3M |
| Cost & Expenses | $18M |
| OPERATING INCOME | $13M |
| Interest Income | $4.0K |
| Interest Expense | $226.0K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $2M |
| EBIT | $13M |
| EBITDA | $14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $147.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | -$6M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | -$925.0K |
| Common Stock Repurchased | -$1M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $741.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | $4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $10M |
| Short-Term Investments | $177.0K |
| Net Receivables | $3M |
| Inventory | $21M |
| Other Current Assets | $22.0K |
| TOTAL CURRENT ASSETS | $37M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $16M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $129M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $20M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $43M |
| Common Stock | $123M |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$55M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $87M |
| Minority Interest | $0 |
| TOTAL EQUITY | $87M |
| TOTAL LIABILITIES & EQUITY | $129M |
| Total Debt | $5M |
| Net Debt | -$5M |
