| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $34M | $33M | 10.2% | 12.6% |
| Op. Income | -$17.0K | -$2M | -$2M | 99.1% | 99.1% |
| Gross Margin | 10.7% | 10.4% | 6.8% | 0.3pp | 3.9pp |
| Net Margin | -0.8% | -21.3% | -6.0% | 20.5pp | 5.2pp |
| EPS (Diluted) | $-0.05 | $-1.17 | $-0.33 | 95.9% | 85.3% |
| Free Cash Flow | -$5M | $2M | -$4M | -367.4% | -35.0% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $33M |
| GROSS PROFIT | $4M |
| R&D Expenses | $2M |
| Selling & Marketing | $400.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | -$2M |
| Operating Expenses | $4M |
| Cost & Expenses | $37M |
| OPERATING INCOME | -$17.0K |
| Interest Income | $30.0K |
| Interest Expense | $226.0K |
| Other Income/Expenses | -$182.0K |
| INCOME BEFORE TAX | -$199.0K |
| Income Tax Expense | $92.0K |
| Net Income from Continuing Ops | -$291.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$291.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$291.0K |
| D&A | $1M |
| EBIT | -$17.0K |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$291.0K |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $177.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$4M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | $477.0K |
| Common Stock Repurchased | -$5.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $472.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $31M |
| Other Current Assets | $8M |
| TOTAL CURRENT ASSETS | $65M |
| PP&E (Net) | $91M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $686.0K |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $157M |
| Account Payables | $20M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $34M |
| Long-Term Debt | $54M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$45M |
| TOTAL NON-CURRENT LIABILITIES | $54M |
| TOTAL LIABILITIES | $88M |
| Common Stock | $93.0K |
| Additional Paid-In Capital | $34M |
| Retained Earnings | $59M |
| Treasury Stock | -$23M |
| Accum. Other Comp. Income | -$701.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $157M |
| Total Debt | $104M |
| Net Debt | $97M |
