| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $124M | $122M | $121M | 1.7% | 2.0% |
| Op. Income | -$6M | -$7M | -$4M | 13.3% | -55.9% |
| Gross Margin | 32.8% | 13.1% | 14.8% | 19.7pp | 18.0pp |
| Net Margin | -7.3% | -8.0% | -5.1% | 0.6pp | -2.3pp |
| EPS (Diluted) | $-1.60 | $-1.68 | $-1.12 | 4.8% | -42.9% |
| Free Cash Flow | $1M | -$14M | -$2M | 108.1% | 167.9% |
| Item | Amount |
|---|---|
| REVENUE | $124M |
| Cost of Revenue | $83M |
| GROSS PROFIT | $41M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $34M |
| Operating Expenses | $47M |
| Cost & Expenses | $130M |
| OPERATING INCOME | -$6M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $23.0K |
| 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 | $7M |
| EBIT | -$6M |
| EBITDA | $703.0K |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $790.0K |
| Deferred Income Tax | $23.0K |
| Other Non-Cash Items | $458.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $4M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$817.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$51.0K |
| NET CASH FROM FINANCING | -$868.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $247.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $11M |
| Other Current Assets | $18.0K |
| TOTAL CURRENT ASSETS | $21M |
| PP&E (Net) | $290M |
| Goodwill | $7M |
| Intangible Assets | $497.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $299M |
| TOTAL ASSETS | $319M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $70M |
| Long-Term Debt | $101M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $299.0K |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $263M |
| TOTAL LIABILITIES | $333M |
| Common Stock | $484.0K |
| Additional Paid-In Capital | $214M |
| Retained Earnings | -$194M |
| Treasury Stock | -$35M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$14M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$14M |
| TOTAL LIABILITIES & EQUITY | $319M |
| Total Debt | $284M |
| Net Debt | $283M |
