| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $10M | $7M | -28.9% | 0.9% |
| Op. Income | -$2M | -$4M | -$3M | 52.3% | 30.3% |
| Gross Margin | 53.5% | 60.1% | 45.6% | -6.6pp | 7.9pp |
| Net Margin | -35.7% | -47.0% | -49.9% | 11.3pp | 14.2pp |
| EPS (Diluted) | $-0.06 | $-0.12 | $-0.10 | 51.4% | 39.3% |
| Free Cash Flow | -$749.0K | $199.0K | -$2M | -476.4% | 51.0% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $4M |
| R&D Expenses | $96.0K |
| Selling & Marketing | $3M |
| General & Administrative | $3M |
| SG&A Expenses | $6M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $9M |
| OPERATING INCOME | -$2M |
| Interest Income | $69.0K |
| Interest Expense | $486.0K |
| Other Income/Expenses | -$417.0K |
| INCOME BEFORE TAX | -$2M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$2M |
| D&A | $1M |
| EBIT | -$2M |
| EBITDA | -$641.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$2M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $129.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $183.0K |
| Change in Working Capital | $265.0K |
| OPERATING CASH FLOW | -$550.0K |
| Capital Expenditure | -$199.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$199.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$749.0K |
| Net Change in Cash | -$749.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $7M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $3M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $16M |
| PP&E (Net) | $11M |
| Goodwill | $3M |
| Intangible Assets | $5M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $231.0K |
| TOTAL NON-CURRENT ASSETS | $18M |
| TOTAL ASSETS | $34M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $15M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $388.0K |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $253M |
| Retained Earnings | -$251M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $34M |
| Total Debt | $16M |
| Net Debt | $10M |
