| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $107M | $121M | -0.8% | -12.8% |
| Op. Income | -$5M | -$17M | -$5M | 71.6% | -0.1% |
| Gross Margin | 13.3% | 10.5% | 16.6% | 2.8pp | -3.3pp |
| Net Margin | -6.3% | -19.7% | -10.3% | 13.4pp | 4.0pp |
| EPS (Diluted) | $-0.23 | $-0.34 | $-0.26 | 32.4% | 11.5% |
| Free Cash Flow | -$7M | $4M | -$5M | -295.0% | -52.7% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $92M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $8M |
| Operating Expenses | $19M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$586.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $1M |
| 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 | -$11M |
| D&A | $9M |
| EBIT | -$3M |
| EBITDA | $5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $839.0K |
| Deferred Income Tax | $174.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $177.0K |
| NET CASH FROM INVESTING | -$4M |
| Net Debt Issuance | $2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $583.0K |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $80M |
| Inventory | $63M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $173M |
| PP&E (Net) | $200M |
| Goodwill | $0 |
| Intangible Assets | $41M |
| Long-Term Investments | $38M |
| Tax Assets | $1M |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $288M |
| TOTAL ASSETS | $461M |
| Account Payables | $46M |
| Short-Term Debt | $4M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $17M |
| TOTAL CURRENT LIABILITIES | $90M |
| Long-Term Debt | $148M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $110M |
| TOTAL NON-CURRENT LIABILITIES | $303M |
| TOTAL LIABILITIES | $393M |
| Common Stock | $505.0K |
| Additional Paid-In Capital | $452M |
| Retained Earnings | -$340M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$45M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $461M |
| Total Debt | $198M |
| Net Debt | $186M |
