| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $15M | $23M | -1.7% | -34.7% |
| Op. Income | -$4M | -$4M | -$2M | -4.5% | -121.3% |
| Gross Margin | 90.5% | 98.4% | 90.7% | -7.9pp | -0.3pp |
| Net Margin | -32.2% | -31.2% | -18.3% | -1.1pp | -14.0pp |
| EPS (Diluted) | $-0.10 | $-0.10 | $-0.11 | 3.1% | 11.9% |
| Free Cash Flow | $1M | -$2M | -$137.0K | 144.0% | 838.0% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $14M |
| R&D Expenses | $0 |
| Selling & Marketing | $10M |
| General & Administrative | $4M |
| SG&A Expenses | $14M |
| Other Expenses | $3M |
| Operating Expenses | $18M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$4M |
| Interest Income | $27.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$41.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $644.0K |
| EBIT | -$4M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $644.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $536.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $1M |
| Capital Expenditure | -$396.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$396.0K |
| Net Debt Issuance | -$519.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$518.0K |
| FREE CASH FLOW | $1M |
| Net Change in Cash | $493.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $6M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $15M |
| PP&E (Net) | $3M |
| Goodwill | $5M |
| Intangible Assets | $6M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $154.0K |
| TOTAL NON-CURRENT ASSETS | $14M |
| TOTAL ASSETS | $29M |
| Account Payables | $8M |
| Short-Term Debt | $19M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $422.0K |
| TOTAL LIABILITIES | $32M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $181M |
| Retained Earnings | -$184M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$3M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$3M |
| TOTAL LIABILITIES & EQUITY | $29M |
| Total Debt | $20M |
| Net Debt | $14M |
