| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118.5K | $269.5K | $380.5K | -56.0% | -68.9% |
| Op. Income | -$3M | -$2M | -$2M | -18.4% | -36.3% |
| Gross Margin | 20.3% | 11.3% | 51.1% | 8.9pp | -30.9pp |
| Net Margin | -2396.2% | -1184.4% | -3196.3% | -1211.8pp | 800.1pp |
| EPS (Diluted) | $-1.69 | $-4.50 | $-30.00 | 62.4% | 94.4% |
| Free Cash Flow | -$2M | -$3M | -$2M | 8.6% | -1.5% |
| Item | Amount |
|---|---|
| REVENUE | $118.5K |
| Cost of Revenue | $94.5K |
| GROSS PROFIT | $24.0K |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $1M |
| SG&A Expenses | $1M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$3M |
| Interest Income | $203.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $13.0K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $29.5K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $29.5K |
| Stock-Based Compensation | $215.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $131.5K |
| Change in Working Capital | $133.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$5.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $22M |
| Short-Term Investments | $0 |
| Net Receivables | $95.0K |
| Inventory | $1M |
| Other Current Assets | $728.0K |
| TOTAL CURRENT ASSETS | $25M |
| PP&E (Net) | $686.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $686.0K |
| TOTAL ASSETS | $25M |
| Account Payables | $77.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $60.0K |
| TOTAL LIABILITIES | $3M |
| Common Stock | $0 |
| Additional Paid-In Capital | $125M |
| Retained Earnings | -$102M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $23M |
| Minority Interest | $0 |
| TOTAL EQUITY | $23M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $405.0K |
| Net Debt | -$22M |
