| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $6M | $6M | -24.2% | -23.7% |
| Op. Income | -$2M | -$226.0K | $132.0K | -776.5% | -1600.8% |
| Gross Margin | 43.4% | 59.8% | 67.1% | -16.4pp | -23.7pp |
| Net Margin | -50.7% | -5.3% | 1.9% | -45.3pp | -52.6pp |
| EPS (Diluted) | $-0.14 | $-0.02 | $0.01 | -582.9% | -1500.0% |
| Free Cash Flow | -$4M | -$1M | -$504.0K | -160.7% | -617.9% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $3M |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$2M |
| Interest Income | $0 |
| Interest Expense | $104.0K |
| Other Income/Expenses | -$104.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $5.0K |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | -$101.0K |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | -$2 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$913.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $903.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $20.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$708.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $905.0K |
| Other Current Assets | $745.0K |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $18M |
| Goodwill | $0 |
| Intangible Assets | $1M |
| Long-Term Investments | $300.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $49M |
| Account Payables | $3M |
| Short-Term Debt | $17M |
| Deferred Revenue | $701.0K |
| Other Current Liabilities | $861.0K |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $915.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $1M |
| TOTAL LIABILITIES | $23M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $338M |
| Retained Earnings | -$312M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $26M |
| Minority Interest | $0 |
| TOTAL EQUITY | $26M |
| TOTAL LIABILITIES & EQUITY | $49M |
| Total Debt | $18M |
| Net Debt | $728.0K |
