| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $19M | $18M | $11M | 0.6% | 66.7% |
| Op. Income | -$12M | -$10M | -$17M | -18.8% | 31.3% |
| Gross Margin | 84.7% | 87.6% | 86.4% | -2.9pp | -1.7pp |
| Net Margin | -74.9% | -63.0% | -168.0% | -11.9pp | 93.2pp |
| EPS (Diluted) | $-0.53 | $-0.44 | $-0.73 | -20.5% | 27.4% |
| Free Cash Flow | -$11M | -$10M | -$22M | -8.5% | 52.3% |
| Item | Amount |
|---|---|
| REVENUE | $19M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $16M |
| R&D Expenses | $6M |
| Selling & Marketing | $15M |
| General & Administrative | $6M |
| SG&A Expenses | $21M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$12M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $8.0K |
| Net Income from Continuing Ops | -$14M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$14M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$14M |
| D&A | $521.0K |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $521.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $94.0K |
| Change in Working Capital | $241.0K |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$234.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | -$13.0K |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $363.0K |
| NET CASH FROM FINANCING | $363.0K |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | $820.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $11M |
| Net Receivables | $12M |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $48M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $70M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $23M |
| Long-Term Debt | $41M |
| Deferred Revenue NC | $315.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $74M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $371M |
| Retained Earnings | -$374M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$413.0K |
| Other Equity | -$1M |
| TOTAL STOCKHOLDERS' EQUITY | -$5M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$5M |
| TOTAL LIABILITIES & EQUITY | $70M |
| Total Debt | $44M |
| Net Debt | $29M |
