| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $13M | $10M | 16.4% | 48.2% |
| Op. Income | $256.0K | -$223.0K | $1M | 214.8% | -77.0% |
| Gross Margin | 23.1% | 22.0% | 36.3% | 1.1pp | -13.2pp |
| Net Margin | 0.5% | -4.4% | 9.0% | 5.0pp | -8.5pp |
| EPS (Diluted) | $0.00 | $-0.01 | $0.01 | 113.8% | -89.0% |
| Free Cash Flow | -$7M | -$404.0K | -$4M | -1687.4% | -83.3% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $256.0K |
| Interest Income | $0 |
| Interest Expense | $176.0K |
| Other Income/Expenses | -$176.0K |
| INCOME BEFORE TAX | $80.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $80.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80.0K |
| D&A | $226.0K |
| EBIT | $256.0K |
| EBITDA | $482.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $2M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $14M |
| OPERATING INCOME | $256.0K |
| Interest Income | $0 |
| Interest Expense | $176.0K |
| Other Income/Expenses | -$176.0K |
| INCOME BEFORE TAX | $80.0K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $80.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $80.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $80.0K |
| D&A | $226.0K |
| EBIT | $256.0K |
| EBITDA | $482.0K |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $80.0K |
| Depreciation & Amortization | $226.0K |
| Stock-Based Compensation | $127.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $133.0K |
| NET CASH FROM INVESTING | $133.0K |
| Net Debt Issuance | $7M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $4.0K |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | $408.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $22M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $21M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1.0K |
| TOTAL NON-CURRENT ASSETS | $21M |
| TOTAL ASSETS | $57M |
| Account Payables | $9M |
| Short-Term Debt | $12M |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $248.0K |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $42M |
| Common Stock | $700.0K |
| Additional Paid-In Capital | $115M |
| Retained Earnings | -$100M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $15M |
| Minority Interest | $0 |
| TOTAL EQUITY | $15M |
| TOTAL LIABILITIES & EQUITY | $57M |
| Total Debt | $23M |
| Net Debt | $21M |
