| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $28M | $31M | -16.2% | -23.2% |
| Op. Income | -$19M | $8M | -$34M | -329.0% | 46.1% |
| Gross Margin | -5.1% | -1.3% | 0.5% | -3.9pp | -5.6pp |
| Net Margin | -78.6% | 4.5% | -120.7% | -83.1pp | 42.1pp |
| EPS (Diluted) | $-1.09 | $0.07 | $-3.35 | -1562.2% | 67.4% |
| Free Cash Flow | -$18M | -$33M | -$14M | 45.8% | -30.6% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $25M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $3M |
| Selling & Marketing | $2M |
| General & Administrative | $11M |
| SG&A Expenses | $13M |
| Other Expenses | $2M |
| Operating Expenses | $17M |
| Cost & Expenses | $42M |
| OPERATING INCOME | -$19M |
| Interest Income | $0 |
| Interest Expense | $4M |
| Other Income/Expenses | $48.0K |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$53.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $2M |
| EBIT | -$15M |
| EBITDA | -$12M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$53.0K |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$16M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $782.0K |
| Net Debt Issuance | $542.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $542.0K |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $22M |
| Long-Term Investments | $570.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $85M |
| TOTAL ASSETS | $105M |
| Account Payables | $18M |
| Short-Term Debt | $9M |
| Deferred Revenue | $17M |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $92M |
| Long-Term Debt | $67M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $71M |
| TOTAL NON-CURRENT LIABILITIES | $149M |
| TOTAL LIABILITIES | $241M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$696M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$136M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$136M |
| TOTAL LIABILITIES & EQUITY | $105M |
| Total Debt | $91M |
| Net Debt | $85M |
