| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $4M | $11M | 51.2% | -42.2% |
| Op. Income | -$3M | -$4M | -$1M | 30.7% | -156.1% |
| Gross Margin | -11.5% | -51.6% | 5.2% | 40.1pp | -16.7pp |
| Net Margin | -52.6% | -100.3% | -22.5% | 47.7pp | -30.2pp |
| EPS (Diluted) | $-1.28 | $-1.68 | $-1.04 | 23.8% | -23.1% |
| Free Cash Flow | -$2M | -$2M | -$2M | 6.6% | -38.8% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $7M |
| GROSS PROFIT | -$726.1K |
| R&D Expenses | $341.0K |
| Selling & Marketing | $348.4K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$320.8K |
| Operating Expenses | $2M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$3M |
| Interest Income | $0 |
| Interest Expense | $919.8K |
| Other Income/Expenses | -$670.1K |
| 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 | $266.1K |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $266.1K |
| Stock-Based Compensation | $78.9K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $541.8K |
| Change in Working Capital | $483.6K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$330.3K |
| Acquisitions (Net) | $14.1K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$316.2K |
| Net Debt Issuance | -$24.1K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$24.1K |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | -$172.1K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $213.0K |
| Short-Term Investments | $0 |
| Net Receivables | $2M |
| Inventory | $2M |
| Other Current Assets | $641.4K |
| TOTAL CURRENT ASSETS | $5M |
| PP&E (Net) | $16M |
| Goodwill | $3M |
| Intangible Assets | $0 |
| Long-Term Investments | $798.9K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $25M |
| Account Payables | $2M |
| Short-Term Debt | $8M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $184.1K |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $15M |
| Common Stock | $2.1K |
| Additional Paid-In Capital | $37M |
| Retained Earnings | -$27M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$209.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $10M |
| Minority Interest | $0 |
| TOTAL EQUITY | $10M |
| TOTAL LIABILITIES & EQUITY | $25M |
| Total Debt | $12M |
| Net Debt | $11M |
