| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $6M | $6M | 7.6% | 20.2% |
| Op. Income | -$1M | -$2M | -$19M | 35.7% | 93.9% |
| Gross Margin | 20.5% | 14.5% | -8.1% | 6.0pp | 28.5pp |
| Net Margin | -18.7% | -60.6% | -334.3% | 41.9pp | 315.6pp |
| EPS (Diluted) | $-0.03 | $-0.09 | $-0.46 | 66.1% | 93.7% |
| Free Cash Flow | -$601.1K | -$1M | -$6M | 54.2% | 90.6% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $1M |
| R&D Expenses | $0 |
| Selling & Marketing | $79.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $94.6K |
| Operating Expenses | $3M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$1M |
| Interest Income | $120.2K |
| Interest Expense | $369.4K |
| Other Income/Expenses | -$204.4K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | -$63.6K |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $395.3K |
| EBIT | -$990.5K |
| EBITDA | -$595.2K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $395.3K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$69.6K |
| Other Non-Cash Items | $174.4K |
| Change in Working Capital | $195.1K |
| OPERATING CASH FLOW | -$601.1K |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $93.4K |
| NET CASH FROM INVESTING | $93.4K |
| Net Debt Issuance | -$54.4K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$69.1K |
| NET CASH FROM FINANCING | $376.5K |
| FREE CASH FLOW | -$601.1K |
| Net Change in Cash | -$189.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $596.3K |
| Short-Term Investments | $6M |
| Net Receivables | $10M |
| Inventory | $2M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $22M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $39M |
| Account Payables | $4M |
| Short-Term Debt | $21M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $11M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $15M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $47.1K |
| Additional Paid-In Capital | $92M |
| Retained Earnings | -$105M |
| Treasury Stock | -$2M |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$16M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$16M |
| TOTAL LIABILITIES & EQUITY | $39M |
| Total Debt | $34M |
| Net Debt | $34M |
