| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $120M | $74M | -16.7% | 35.1% |
| Op. Income | -$7M | -$13M | -$10M | 48.6% | 32.8% |
| Gross Margin | 17.3% | 12.4% | 18.9% | 4.9pp | -1.6pp |
| Net Margin | -5.7% | -8.9% | -10.9% | 3.2pp | 5.2pp |
| EPS (Diluted) | $-0.07 | $-0.13 | $-0.10 | 47.8% | 29.4% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $17M |
| R&D Expenses | $4M |
| Selling & Marketing | $17M |
| General & Administrative | $3M |
| SG&A Expenses | $20M |
| Other Expenses | -$56.7K |
| Operating Expenses | $24M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$7M |
| Interest Income | $1M |
| Interest Expense | $206.2K |
| Other Income/Expenses | $802.2K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | -$328.3K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $0 |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $30M |
| Net Receivables | $16M |
| Inventory | $102M |
| Other Current Assets | $73M |
| TOTAL CURRENT ASSETS | $300M |
| PP&E (Net) | $58M |
| Goodwill | $0 |
| Intangible Assets | $142.8K |
| Long-Term Investments | $0 |
| Tax Assets | $5M |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $66M |
| TOTAL ASSETS | $366M |
| Account Payables | $97M |
| Short-Term Debt | $85M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $230M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $546.8K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $235M |
| Common Stock | $14.8K |
| Additional Paid-In Capital | $292M |
| Retained Earnings | -$160M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$895.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $131M |
| Minority Interest | $0 |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $366M |
| Total Debt | $86M |
| Net Debt | $7M |
