| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | $6M | $6M | -19.7% | -25.7% |
| Op. Income | -$3M | -$2M | -$3M | -53.0% | 1.6% |
| Gross Margin | 36.0% | 46.0% | 40.5% | -10.0pp | -4.4pp |
| Net Margin | -39.0% | -31.0% | -42.5% | -8.0pp | 3.5pp |
| EPS (Diluted) | $-0.20 | $-0.20 | $-0.30 | 0.0% | 33.0% |
| Free Cash Flow | -$2M | -$7M | -$2M | 71.5% | 12.0% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $2M |
| R&D Expenses | $900.9K |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | -$153.2K |
| Operating Expenses | $5M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$3M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $511 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $417.2K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $417.2K |
| Stock-Based Compensation | $54.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$823.7K |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$18M |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$60.1K |
| NET CASH FROM FINANCING | -$60.1K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $40M |
| Net Receivables | $0 |
| Inventory | $9.8K |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $127.3K |
| Long-Term Investments | $8M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $130M |
| Account Payables | $521.2K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $447.6K |
| TOTAL CURRENT LIABILITIES | $46M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $56.4K |
| TOTAL LIABILITIES | $46M |
| Common Stock | $26.4K |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$1.3B |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | $11M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $80M |
| Minority Interest | $4M |
| TOTAL EQUITY | $84M |
| TOTAL LIABILITIES & EQUITY | $130M |
| Total Debt | $111.0K |
| Net Debt | -$12M |
