| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $22M | $35M | 10.2% | -31.4% |
| Op. Income | -$25M | -$31M | -$12M | 17.1% | -112.1% |
| Gross Margin | 36.8% | 32.4% | 26.5% | 4.4pp | 10.3pp |
| Net Margin | -86.5% | -222.7% | -73.3% | 136.2pp | -13.2pp |
| EPS (Diluted) | $-0.77 | $-1.88 | $-1.17 | 59.0% | 34.2% |
| Free Cash Flow | -$17M | -$24M | -$16M | 28.7% | -8.9% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $15M |
| GROSS PROFIT | $9M |
| R&D Expenses | $9M |
| Selling & Marketing | $5M |
| General & Administrative | $16M |
| SG&A Expenses | $21M |
| Other Expenses | $5M |
| Operating Expenses | $34M |
| Cost & Expenses | $49M |
| OPERATING INCOME | -$25M |
| Interest Income | $20.0K |
| Interest Expense | $6M |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | -$6.0K |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $5M |
| EBIT | -$15M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$86.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$9M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $640.0K |
| NET CASH FROM FINANCING | $38M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $17M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $36M |
| Short-Term Investments | $0 |
| Net Receivables | $13M |
| Inventory | $0 |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $108M |
| PP&E (Net) | $74M |
| Goodwill | $15M |
| Intangible Assets | $10M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $100M |
| TOTAL ASSETS | $209M |
| Account Payables | $7M |
| Short-Term Debt | $100M |
| Deferred Revenue | $26M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $162M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $22M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $10M |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $577M |
| Retained Earnings | -$559M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $209M |
| Total Debt | $113M |
| Net Debt | $77M |
