| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $10M | $6M | -10.7% | 59.2% |
| Op. Income | -$30M | -$35M | -$4M | 12.9% | -681.5% |
| Gross Margin | 33.9% | 65.8% | 59.0% | -31.9pp | -25.2pp |
| Net Margin | -542.0% | -339.7% | -72.0% | -202.2pp | -470.0pp |
| EPS (Diluted) | $-0.71 | $-0.60 | $-0.06 | -18.3% | -1014.6% |
| Free Cash Flow | -$6M | -$878.5K | -$853.8K | -545.0% | -563.7% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $3M |
| R&D Expenses | $2M |
| Selling & Marketing | $6M |
| General & Administrative | $26M |
| SG&A Expenses | $32M |
| Other Expenses | $0 |
| Operating Expenses | $33M |
| Cost & Expenses | $39M |
| OPERATING INCOME | -$30M |
| Interest Income | $0 |
| Interest Expense | $821.7K |
| Other Income/Expenses | -$18M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $106.7K |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $480.3K |
| EBIT | -$30M |
| EBITDA | -$30M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $480.3K |
| Stock-Based Compensation | $26M |
| Deferred Income Tax | -$37.2K |
| Other Non-Cash Items | $17M |
| Change in Working Capital | -$986.5K |
| OPERATING CASH FLOW | -$6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $1M |
| Other Investing Activities | $32.7K |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $8M |
| Net Receivables | $6M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $27M |
| PP&E (Net) | $1M |
| Goodwill | $2M |
| Intangible Assets | $2M |
| Long-Term Investments | $2M |
| Tax Assets | $24.1K |
| Other Non-Current Assets | $18.3K |
| TOTAL NON-CURRENT ASSETS | $7M |
| TOTAL ASSETS | $34M |
| Account Payables | $23M |
| Short-Term Debt | $19M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $20M |
| TOTAL CURRENT LIABILITIES | $64M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $403.7K |
| Deferred Tax Liabilities | $228.3K |
| Other Non-Current Liabilities | $265.2K |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $67M |
| Common Stock | $85M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$199M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$885.1K |
| Other Equity | $83M |
| TOTAL STOCKHOLDERS' EQUITY | -$33M |
| Minority Interest | -$475.0K |
| TOTAL EQUITY | -$33M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $21M |
| Net Debt | $14M |
