| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $8M | $5M | -24.6% | 24.0% |
| Op. Income | -$13M | -$14M | -$18M | 5.5% | 26.0% |
| Gross Margin | 24.1% | 47.6% | 6.6% | -23.6pp | 17.4pp |
| Net Margin | -227.9% | -186.5% | -374.0% | -41.4pp | 146.1pp |
| EPS (Diluted) | $-0.40 | $-0.46 | $-0.61 | 14.7% | 35.5% |
| Free Cash Flow | -$17M | -$14M | -$21M | -15.6% | 19.7% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $2M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $15M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$13M |
| Interest Income | $675.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$771.0K |
| INCOME BEFORE TAX | -$14M |
| Income Tax Expense | $0 |
| NET INCOME | -$14M |
| D&A | $384.0K |
| EBIT | -$13M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$14M |
| Depreciation & Amortization | $384.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $737.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$434.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$25M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$25M |
| Net Debt Issuance | -$20M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $62.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | -$35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $25M |
| Net Receivables | $6M |
| Inventory | $5M |
| Other Current Assets | $381.0K |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $467.3K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $87M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $35M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $41M |
| TOTAL LIABILITIES | $52M |
| Common Stock | $654.0K |
| Additional Paid-In Capital | $997M |
| Retained Earnings | -$962M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $35M |
| Minority Interest | $0 |
| TOTAL EQUITY | $35M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $41M |
| Net Debt | $2M |
