| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $23M | $25M | 21.1% | 11.6% |
| Op. Income | -$1M | -$4M | -$3M | 68.4% | 54.0% |
| Gross Margin | 58.5% | 50.8% | 58.6% | 7.7pp | -0.1pp |
| Net Margin | -5.2% | -17.4% | -11.4% | 12.2pp | 6.2pp |
| EPS (Diluted) | $-0.12 | $-0.32 | $-0.23 | 62.5% | 47.8% |
| Free Cash Flow | -$1M | -$2M | $3M | 52.7% | -137.0% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $17M |
| R&D Expenses | $4M |
| Selling & Marketing | $7M |
| General & Administrative | $6M |
| SG&A Expenses | $14M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $30M |
| OPERATING INCOME | -$1M |
| Interest Income | $0 |
| Interest Expense | $12.0K |
| Other Income/Expenses | -$180.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $100.0K |
| 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 | $2M |
| EBIT | -$1M |
| EBITDA | $1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $16.0K |
| Other Non-Cash Items | $87.0K |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$141.0K |
| Capital Expenditure | -$910.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$8.0K |
| NET CASH FROM INVESTING | -$910.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$504.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3.0K |
| NET CASH FROM FINANCING | -$501.0K |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $12M |
| Short-Term Investments | $0 |
| Net Receivables | $29M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $21M |
| Goodwill | $34M |
| Intangible Assets | $32M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $91M |
| TOTAL ASSETS | $136M |
| Account Payables | $4M |
| Short-Term Debt | $4M |
| Deferred Revenue | $40M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $55M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $1M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $64.0K |
| Additional Paid-In Capital | $180M |
| Retained Earnings | -$106M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$362.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $74M |
| Minority Interest | $0 |
| TOTAL EQUITY | $74M |
| TOTAL LIABILITIES & EQUITY | $136M |
| Total Debt | $6M |
| Net Debt | -$6M |
