| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $47M | $31M | $45M | 52.7% | 5.0% |
| Op. Income | $13M | $6M | $14M | 100.9% | -6.9% |
| Gross Margin | 35.6% | 29.0% | 41.1% | 6.6pp | -5.5pp |
| Net Margin | 19.0% | 13.8% | 20.7% | 5.2pp | -1.7pp |
| EPS (Diluted) | $2.16 | $1.04 | $2.27 | 107.7% | -4.8% |
| Free Cash Flow | -$335.0K | $7M | $5M | -105.0% | -106.8% |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $220.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $13M |
| Interest Income | $203.0K |
| Interest Expense | $758.0K |
| Other Income/Expenses | -$534.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $228.0K |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $47M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $220.0K |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $34M |
| OPERATING INCOME | $13M |
| Interest Income | $203.0K |
| Interest Expense | $758.0K |
| Other Income/Expenses | -$534.0K |
| INCOME BEFORE TAX | $12M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $9M |
| D&A | $228.0K |
| EBIT | $13M |
| EBITDA | $13M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $9M |
| Depreciation & Amortization | $228.0K |
| Stock-Based Compensation | $288.0K |
| Deferred Income Tax | -$31.0K |
| Other Non-Cash Items | $11.0K |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$220.0K |
| Capital Expenditure | -$115.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$115.0K |
| Net Debt Issuance | -$600.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$600.0K |
| FREE CASH FLOW | -$335.0K |
| Net Change in Cash | -$935.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $26M |
| Inventory | $900.0K |
| Other Current Assets | $369.0K |
| TOTAL CURRENT ASSETS | $56M |
| PP&E (Net) | $7M |
| Goodwill | $95.0K |
| Intangible Assets | $478.0K |
| Long-Term Investments | $0 |
| Tax Assets | $541.0K |
| Other Non-Current Assets | $106.0K |
| TOTAL NON-CURRENT ASSETS | $8M |
| TOTAL ASSETS | $63M |
| Account Payables | $7M |
| Short-Term Debt | $2M |
| Deferred Revenue | $747.0K |
| Other Current Liabilities | $586.0K |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $47M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $52M |
| TOTAL LIABILITIES | $73M |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $64M |
| Retained Earnings | $13M |
| Treasury Stock | -$87M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$9M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$9M |
| TOTAL LIABILITIES & EQUITY | $63M |
| Total Debt | $55M |
| Net Debt | $28M |
