| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | $21M | $18M | 4.9% | 24.3% |
| Op. Income | -$5M | -$4M | -$8M | -40.9% | 31.8% |
| Gross Margin | 77.0% | 75.4% | 73.6% | 1.6pp | 3.4pp |
| Net Margin | -29.3% | -24.5% | -49.2% | -4.8pp | 20.0pp |
| EPS (Diluted) | $-0.21 | $-0.18 | $-0.32 | -16.7% | 34.4% |
| Free Cash Flow | -$8M | -$5M | -$8M | -55.5% | 1.5% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $17M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $28M |
| OPERATING INCOME | -$5M |
| Interest Income | $793.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$7M |
| Income Tax Expense | $0 |
| 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 | $462.0K |
| EBIT | -$4M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$7M |
| Depreciation & Amortization | $462.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $390.0K |
| Change in Working Capital | -$4M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$37.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$37.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $157.0K |
| NET CASH FROM FINANCING | $21M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $39M |
| Net Receivables | $15M |
| Inventory | $14M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $97M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $137.0K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $110M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $680.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $86M |
| Common Stock | $33.0K |
| Additional Paid-In Capital | $562M |
| Retained Earnings | -$538M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $24M |
| Minority Interest | $0 |
| TOTAL EQUITY | $24M |
| TOTAL LIABILITIES & EQUITY | $110M |
| Total Debt | $73M |
| Net Debt | $46M |
