| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $30M | $27M | $23M | 11.6% | 29.1% |
| Op. Income | $773.0K | $2M | $2M | -60.7% | -60.2% |
| Gross Margin | 25.0% | 29.3% | 27.6% | -4.3pp | -2.5pp |
| Net Margin | 1.9% | 5.3% | 6.1% | -3.4pp | -4.2pp |
| EPS (Diluted) | $0.01 | $0.04 | $0.04 | -62.9% | -62.1% |
| Free Cash Flow | $2M | $7M | $1M | -62.3% | 70.2% |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $7M |
| R&D Expenses | $104.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $773.0K |
| Interest Income | $92.0K |
| Interest Expense | $133.0K |
| Other Income/Expenses | -$41.0K |
| INCOME BEFORE TAX | $732.0K |
| Income Tax Expense | $179.0K |
| Net Income from Continuing Ops | $553.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $553.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $553.0K |
| D&A | $806.0K |
| EBIT | $865.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $30M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $7M |
| R&D Expenses | $104.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $29M |
| OPERATING INCOME | $773.0K |
| Interest Income | $92.0K |
| Interest Expense | $133.0K |
| Other Income/Expenses | -$41.0K |
| INCOME BEFORE TAX | $732.0K |
| Income Tax Expense | $179.0K |
| Net Income from Continuing Ops | $553.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $553.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $553.0K |
| D&A | $806.0K |
| EBIT | $865.0K |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $553.0K |
| Depreciation & Amortization | $806.0K |
| Stock-Based Compensation | $205.0K |
| Deferred Income Tax | $172.0K |
| Other Non-Cash Items | -$82.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$483.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $7.0K |
| NET CASH FROM FINANCING | -$476.0K |
| FREE CASH FLOW | $2M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $13M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $3M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $8M |
| Goodwill | $9M |
| Intangible Assets | $5M |
| Long-Term Investments | $5M |
| Tax Assets | $331.0K |
| Other Non-Current Assets | -$5M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $47M |
| Account Payables | $14M |
| Short-Term Debt | $3M |
| Deferred Revenue | -$796.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $19M |
| Long-Term Debt | $5M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $27M |
| Common Stock | $0 |
| Additional Paid-In Capital | $23M |
| Retained Earnings | -$3M |
| Treasury Stock | -$150.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $47M |
| Total Debt | $13M |
| Net Debt | -$407.0K |
