| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $13M | $10M | -30.7% | -5.9% |
| Op. Income | -$10M | -$18M | -$13M | 45.1% | 21.5% |
| Gross Margin | 48.2% | 51.9% | 46.0% | -3.7pp | 2.3pp |
| Net Margin | -118.2% | -153.3% | -190.4% | 35.1pp | 72.1pp |
| EPS (Diluted) | $-0.10 | $-0.22 | $-0.23 | 54.5% | 56.5% |
| Free Cash Flow | -$8M | -$6M | -$8M | -46.9% | -4.7% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $4M |
| R&D Expenses | $4M |
| Selling & Marketing | $2M |
| General & Administrative | $7M |
| SG&A Expenses | $9M |
| Other Expenses | $2M |
| Operating Expenses | $15M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$10M |
| Interest Income | $24.0K |
| Interest Expense | $614.0K |
| Other Income/Expenses | -$735.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $2M |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $1M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$349.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $12.0K |
| NET CASH FROM INVESTING | -$337.0K |
| Net Debt Issuance | -$255.0K |
| Common Stock Repurchased | -$93.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $8M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $8M |
| Inventory | $4M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $20M |
| Goodwill | $24M |
| Intangible Assets | $14M |
| Long-Term Investments | $57.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $852.0K |
| TOTAL NON-CURRENT ASSETS | $60M |
| TOTAL ASSETS | $80M |
| Account Payables | $5M |
| Short-Term Debt | $1M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $17M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $79.0K |
| Other Non-Current Liabilities | $587.0K |
| TOTAL NON-CURRENT LIABILITIES | $30M |
| TOTAL LIABILITIES | $46M |
| Common Stock | $11.0K |
| Additional Paid-In Capital | $305M |
| Retained Earnings | -$271M |
| Treasury Stock | -$804.0K |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $80M |
| Total Debt | $31M |
| Net Debt | $27M |
