| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $605.2K | $1M | $2M | -47.8% | -66.5% |
| Op. Income | -$3M | -$3M | -$4M | 4.5% | 35.2% |
| Gross Margin | -129.3% | 141.8% | 0.1% | -271.1pp | -129.4pp |
| Net Margin | -85.2% | -352.9% | -231.3% | 267.7pp | 146.2pp |
| EPS (Diluted) | $-0.03 | $-0.44 | $-0.06 | 93.0% | 50.0% |
| Free Cash Flow | -$4M | -$5M | -$8M | 22.2% | 53.2% |
| Item | Amount |
|---|---|
| REVENUE | $605.2K |
| Cost of Revenue | $1M |
| GROSS PROFIT | -$782.3K |
| R&D Expenses | $231.1K |
| Selling & Marketing | $191.2K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $2M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $405.4K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$860.5K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$860.5K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$515.4K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$515.4K |
| D&A | $403.4K |
| EBIT | -$3M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$515.4K |
| Depreciation & Amortization | $455.9K |
| Stock-Based Compensation | $4.6K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$43.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $583.3K |
| NET CASH FROM INVESTING | $539.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27M |
| NET CASH FROM FINANCING | $27M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $365.0K |
| Net Receivables | $74.2K |
| Inventory | $5M |
| Other Current Assets | $122M |
| TOTAL CURRENT ASSETS | $181M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $292.2K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $35M |
| TOTAL ASSETS | $216M |
| Account Payables | $3M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $90M |
| TOTAL CURRENT LIABILITIES | $100M |
| Long-Term Debt | $25M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $125M |
| Common Stock | $46.8K |
| Additional Paid-In Capital | $172M |
| Retained Earnings | -$83M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $994.4K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $91M |
| Minority Interest | -$380.4K |
| TOTAL EQUITY | $90M |
| TOTAL LIABILITIES & EQUITY | $216M |
| Total Debt | $32M |
| Net Debt | -$22M |
