| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $150M | $141M | $142M | 6.4% | 5.9% |
| Op. Income | $6M | $4M | $4M | 60.6% | 27.4% |
| Gross Margin | 12.9% | 12.3% | 11.7% | 0.6pp | 1.2pp |
| Net Margin | -4.7% | -6.3% | -5.7% | 1.6pp | 1.0pp |
| EPS (Diluted) | $-0.18 | $-0.22 | $-0.24 | 18.2% | 25.0% |
| Free Cash Flow | -$9M | $12M | -$14M | -178.8% | 35.4% |
| Item | Amount |
|---|---|
| REVENUE | $150M |
| Cost of Revenue | $131M |
| GROSS PROFIT | $19M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $471.0K |
| Operating Expenses | $14M |
| Cost & Expenses | $145M |
| OPERATING INCOME | $6M |
| Interest Income | $139.0K |
| Interest Expense | $13M |
| Other Income/Expenses | -$13M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $115.0K |
| Net Income from Continuing Ops | -$7M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$7M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$7M |
| D&A | $12M |
| EBIT | $6M |
| EBITDA | $18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $12M |
| Stock-Based Compensation | $750.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$14M |
| OPERATING CASH FLOW | -$5M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$223.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $0 |
| Net Receivables | $95M |
| Inventory | $51M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $175M |
| PP&E (Net) | $106M |
| Goodwill | $0 |
| Intangible Assets | $76M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $185M |
| TOTAL ASSETS | $359M |
| Account Payables | $46M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $10M |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $319M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $540.0K |
| TOTAL NON-CURRENT LIABILITIES | $345M |
| TOTAL LIABILITIES | $431M |
| Common Stock | $423.0K |
| Additional Paid-In Capital | $807M |
| Retained Earnings | -$874M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$72M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$72M |
| TOTAL LIABILITIES & EQUITY | $359M |
| Total Debt | $359M |
| Net Debt | $342M |
