| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $6M | -11.8% | 6.0% |
| Op. Income | -$896.0K | -$1M | -$2M | 19.4% | 58.2% |
| Gross Margin | 47.2% | 44.0% | 46.6% | 3.2pp | 0.7pp |
| Net Margin | 43.2% | -101.8% | -50.7% | 145.0pp | 93.9pp |
| EPS (Diluted) | $0.11 | $-0.41 | $-0.19 | 126.8% | 157.9% |
| Free Cash Flow | -$2M | $469.0K | -$3M | -420.9% | 43.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $3M |
| R&D Expenses | $4M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$3M |
| Operating Expenses | $4M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$896.0K |
| Interest Income | $0 |
| Interest Expense | $581.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $71.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $2.0K |
| EBIT | -$896.0K |
| EBITDA | -$894.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $143.0K |
| Stock-Based Compensation | $200.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$513.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $158.0K |
| NET CASH FROM FINANCING | $10M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $9M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $437.0K |
| Other Current Assets | $840.0K |
| TOTAL CURRENT ASSETS | $19M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $21M |
| Account Payables | $3M |
| Short-Term Debt | $244.0K |
| Deferred Revenue | $663.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $22M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $44M |
| Retained Earnings | -$45M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $20.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$2M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$2M |
| TOTAL LIABILITIES & EQUITY | $21M |
| Total Debt | $10M |
| Net Debt | -$4M |
