| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $29M | $29M | -8.4% | -9.6% |
| Op. Income | -$833.0K | $864.0K | $820.0K | -196.4% | -201.6% |
| Gross Margin | 74.3% | 79.3% | 77.2% | -5.0pp | -2.9pp |
| Net Margin | -5.8% | 7.8% | 4.0% | -13.6pp | -9.8pp |
| EPS (Diluted) | $-0.80 | $1.20 | $0.63 | -166.7% | -227.0% |
| Free Cash Flow | -$2M | -$113.0K | $2M | -1543.4% | -202.4% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $20M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $10M |
| Other Expenses | $11M |
| Operating Expenses | $21M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$833.0K |
| Interest Income | $0 |
| Interest Expense | $73.0K |
| Other Income/Expenses | -$491.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $206.0K |
| 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 | $293.0K |
| EBIT | -$1M |
| EBITDA | -$958.0K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $293.0K |
| Stock-Based Compensation | $263.0K |
| Deferred Income Tax | -$56.0K |
| Other Non-Cash Items | $610.0K |
| Change in Working Capital | -$948.0K |
| OPERATING CASH FLOW | -$1M |
| Capital Expenditure | -$489.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$489.0K |
| Net Debt Issuance | -$166.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$166.0K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $9M |
| Short-Term Investments | $0 |
| Net Receivables | $799.0K |
| Inventory | $12M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $237.0K |
| Long-Term Investments | $1M |
| Tax Assets | $2M |
| Other Non-Current Assets | $570.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $37M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $0 |
| Additional Paid-In Capital | $33M |
| Retained Earnings | -$341.0K |
| Treasury Stock | -$20M |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $8M |
| Minority Interest | $0 |
| TOTAL EQUITY | $8M |
| TOTAL LIABILITIES & EQUITY | $37M |
| Total Debt | $6M |
| Net Debt | -$3M |
