| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $16M | $19M | $15M | -19.2% | 6.0% |
| Op. Income | -$845.8K | $662.1K | -$1M | -227.7% | 39.3% |
| Gross Margin | 29.4% | 33.5% | 24.9% | -4.1pp | 4.5pp |
| Net Margin | -7.0% | 1.9% | -9.6% | -9.0pp | 2.6pp |
| EPS (Diluted) | $-0.14 | $0.05 | $-0.18 | -389.9% | 22.2% |
| Free Cash Flow | $3M | -$2M | -$341.5K | 264.8% | 862.3% |
| Item | Amount |
|---|---|
| REVENUE | $16M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $5M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $20.1K |
| Operating Expenses | $5M |
| Cost & Expenses | $17M |
| OPERATING INCOME | -$845.8K |
| Interest Income | $0 |
| Interest Expense | $263.7K |
| Other Income/Expenses | -$249.6K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $12.1K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $212.0K |
| EBIT | -$831.6K |
| EBITDA | -$619.7K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $212.0K |
| Stock-Based Compensation | $114.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$37.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$71.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$3.4K |
| NET CASH FROM INVESTING | -$75.3K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$25.0K |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $3M |
| Net Change in Cash | -$115.9K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128.3K |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $19M |
| Other Current Assets | $588.0K |
| TOTAL CURRENT ASSETS | $28M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $503.8K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $38M |
| Account Payables | $6M |
| Short-Term Debt | $6M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $3M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $18M |
| Common Stock | $15M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $4M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $20M |
| Minority Interest | $0 |
| TOTAL EQUITY | $20M |
| TOTAL LIABILITIES & EQUITY | $38M |
| Total Debt | $8M |
| Net Debt | $8M |
