| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $791.2K | $2M | $872.3K | -50.1% | -9.3% |
| Op. Income | -$908.6K | -$410.9K | -$989.9K | -121.1% | 8.2% |
| Gross Margin | 57.2% | 54.2% | 53.4% | 3.0pp | 3.8pp |
| Net Margin | -125.2% | -32.0% | -114.1% | -93.2pp | -11.1pp |
| EPS (Diluted) | $-1.26 | $-1.05 | $-4.20 | -19.3% | 70.1% |
| Free Cash Flow | -$803.8K | -$216.9K | -$602.6K | -270.5% | -33.4% |
| Item | Amount |
|---|---|
| REVENUE | $791.2K |
| Cost of Revenue | $338.3K |
| GROSS PROFIT | $452.9K |
| R&D Expenses | $47.3K |
| Selling & Marketing | $13.8K |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | -$47.3K |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$908.6K |
| Interest Income | $0 |
| Interest Expense | $48.7K |
| Other Income/Expenses | -$82.0K |
| INCOME BEFORE TAX | -$990.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$990.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$990.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$990.6K |
| D&A | $37.3K |
| EBIT | -$908.6K |
| EBITDA | -$871.3K |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$990.6K |
| Depreciation & Amortization | $37.3K |
| Stock-Based Compensation | $15.7K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $40.1K |
| Change in Working Capital | $128.0K |
| OPERATING CASH FLOW | -$769.5K |
| Capital Expenditure | -$34.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31.3K |
| NET CASH FROM INVESTING | -$65.6K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $427.4K |
| NET CASH FROM FINANCING | $427.4K |
| FREE CASH FLOW | -$803.8K |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $802.7K |
| Inventory | $2M |
| Other Current Assets | $313 |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $231.8K |
| Goodwill | $0 |
| Intangible Assets | $261.1K |
| Long-Term Investments | $18.8K |
| Tax Assets | $0 |
| Other Non-Current Assets | $690.4K |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $6M |
| Account Payables | $14.1K |
| Short-Term Debt | $992.3K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $596.7K |
| TOTAL CURRENT LIABILITIES | $2M |
| Long-Term Debt | $83.4K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $752.7K |
| TOTAL NON-CURRENT LIABILITIES | $862.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $3M |
| Additional Paid-In Capital | $16M |
| Retained Earnings | -$16M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $1M |
| Net Debt | -$884.4K |
