| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $285.0K | 7.3% | 1011.9% |
| Op. Income | -$15M | -$82M | -$17M | 82.1% | 15.3% |
| Gross Margin | 53.2% | 56.6% | -15.4% | -3.4pp | 68.7pp |
| Net Margin | -626.0% | -390.6% | 328.1% | -235.5pp | -954.1pp |
| EPS (Diluted) | $-0.52 | $-0.45 | $0.04 | -15.6% | -1400.0% |
| Free Cash Flow | -$930.0K | -$4M | -$4M | 74.3% | 74.2% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $611.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$15M |
| Interest Income | $0 |
| Interest Expense | $211.0K |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | -$2.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $1M |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $594.0K |
| EBIT | -$20M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $594.0K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$5.0K |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$930.0K |
| 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 | $643.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$174.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$930.0K |
| Net Change in Cash | $139.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $405.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $1M |
| Other Current Assets | $301.0K |
| TOTAL CURRENT ASSETS | $4M |
| PP&E (Net) | $2M |
| Goodwill | $16M |
| Intangible Assets | $15M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $487.0K |
| TOTAL NON-CURRENT ASSETS | $33M |
| TOTAL ASSETS | $37M |
| Account Payables | $11M |
| Short-Term Debt | $3M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $873.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $315.0K |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $40M |
| Common Stock | $0 |
| Additional Paid-In Capital | $121M |
| Retained Earnings | -$124M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $37M |
| Total Debt | $5M |
| Net Debt | $5M |
