| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $1M | — | -12.9% |
| Op. Income | -$24M | — | -$14M | — | -69.0% |
| Gross Margin | 61.8% | — | 62.7% | — | -0.9pp |
| Net Margin | -2103.8% | — | -975.1% | — | -1128.7pp |
| EPS (Diluted) | $-0.70 | — | $-0.49 | — | -42.9% |
| Free Cash Flow | -$22M | — | -$17M | — | -27.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $474.7K |
| GROSS PROFIT | $769.3K |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | $290.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$24M |
| Interest Income | $1M |
| Interest Expense | $811.4K |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | $146.1K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $424.4K |
| EBIT | -$25M |
| EBITDA | -$25M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $904.9K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$87.7K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$245.5K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $10M |
| NET CASH FROM INVESTING | $10M |
| Net Debt Issuance | -$360.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$493.4K |
| NET CASH FROM FINANCING | -$853.5K |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $26M |
| Short-Term Investments | $48M |
| Net Receivables | $7M |
| Inventory | $6M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $88M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $481.7K |
| Long-Term Investments | $0 |
| Tax Assets | $91.2K |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $71M |
| TOTAL ASSETS | $159M |
| Account Payables | $11M |
| Short-Term Debt | $285.3K |
| Deferred Revenue | $430.3K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $25M |
| Long-Term Debt | $22M |
| Deferred Revenue NC | $323.9K |
| Deferred Tax Liabilities | $31.6K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $26M |
| TOTAL LIABILITIES | $50M |
| Common Stock | $8M |
| Additional Paid-In Capital | $368M |
| Retained Earnings | -$281M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $13M |
| TOTAL STOCKHOLDERS' EQUITY | $109M |
| Minority Interest | $0 |
| TOTAL EQUITY | $109M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $26M |
| Net Debt | -$356.6K |
