| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $8M | $6M | -12.3% | 28.4% |
| Op. Income | -$12M | -$10M | -$14M | -14.0% | 18.3% |
| Gross Margin | 5.6% | 11.9% | -27.1% | -6.3pp | 32.8pp |
| Net Margin | -156.3% | -117.6% | -237.4% | -38.7pp | 81.1pp |
| EPS (Diluted) | $-0.26 | $-0.22 | $-0.31 | -18.2% | 16.1% |
| Free Cash Flow | -$9M | -$10M | -$16M | 6.2% | 41.8% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $404.0K |
| R&D Expenses | $4M |
| Selling & Marketing | $3M |
| General & Administrative | $6M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $12M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$12M |
| Interest Income | $466.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $405.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $7.0K |
| 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 | $847.0K |
| EBIT | -$12M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $847.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $600.0K |
| Change in Working Capital | -$291.0K |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$319.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $11M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | -$7.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $386.0K |
| NET CASH FROM FINANCING | $379.0K |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $19M |
| Short-Term Investments | $23M |
| Net Receivables | $5M |
| Inventory | $21M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $69M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $786.0K |
| TOTAL NON-CURRENT ASSETS | $16M |
| TOTAL ASSETS | $85M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $6M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $306.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $437.0K |
| Additional Paid-In Capital | $552M |
| Retained Earnings | -$487M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $13.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $65M |
| Minority Interest | $0 |
| TOTAL EQUITY | $65M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $6M |
| Net Debt | -$13M |
