| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | — | $18M | — | 30.2% |
| Op. Income | -$2M | — | -$4M | — | 52.9% |
| Gross Margin | 53.1% | — | 51.5% | — | 1.5pp |
| Net Margin | -64.4% | — | -13.4% | — | -51.0pp |
| EPS (Diluted) | $-0.84 | — | $-0.13 | — | -546.2% |
| Free Cash Flow | -$9M | — | -$22M | — | 58.6% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $11M |
| GROSS PROFIT | $13M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $14M |
| Operating Expenses | $14M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$2M |
| Interest Income | $5M |
| Interest Expense | $13M |
| Other Income/Expenses | -$14M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | -$4.0K |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $7M |
| EBIT | -$1M |
| EBITDA | $5M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $826.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$87.0K |
| Acquisitions (Net) | -$2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $5M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$7M |
| Common Stock Repurchased | -$808.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$77.0K |
| NET CASH FROM FINANCING | -$8M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $62M |
| Short-Term Investments | $0 |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $126M |
| PP&E (Net) | $587M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $138M |
| Tax Assets | $0 |
| Other Non-Current Assets | $18M |
| TOTAL NON-CURRENT ASSETS | $752M |
| TOTAL ASSETS | $878M |
| Account Payables | $775.0K |
| Short-Term Debt | $28M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $672M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $688M |
| TOTAL LIABILITIES | $747M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $479M |
| Retained Earnings | -$344M |
| Treasury Stock | -$7M |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $128M |
| Minority Interest | $2M |
| TOTAL EQUITY | $131M |
| TOTAL LIABILITIES & EQUITY | $878M |
| Total Debt | $706M |
| Net Debt | $644M |
