| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $12M | $12M | $11M | -4.3% | 4.2% |
| Op. Income | $8M | $6M | $1M | 46.8% | 651.9% |
| Gross Margin | 93.6% | 95.4% | 95.3% | -1.8pp | -1.7pp |
| Net Margin | 38.4% | 47.5% | 4.1% | -9.1pp | 34.2pp |
| EPS (Diluted) | $0.37 | $0.47 | $0.07 | -21.3% | 438.6% |
| Free Cash Flow | $8M | $7M | $4M | 20.3% | 84.7% |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $758.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $758.0K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$1M |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $99.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $12M |
| Cost of Revenue | $758.0K |
| GROSS PROFIT | $11M |
| R&D Expenses | $758.0K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | -$1M |
| Operating Expenses | $3M |
| Cost & Expenses | $4M |
| OPERATING INCOME | $8M |
| Interest Income | $0 |
| Interest Expense | $1M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $99.0K |
| EBIT | $7M |
| EBITDA | $7M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $99.0K |
| Stock-Based Compensation | $307.0K |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | $904.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | $8M |
| Capital Expenditure | -$100.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $8.0K |
| Other Investing Activities | $23M |
| NET CASH FROM INVESTING | $23M |
| Net Debt Issuance | -$6M |
| Common Stock Repurchased | -$867.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | $8M |
| Net Change in Cash | $24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $0 |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $76M |
| PP&E (Net) | $28.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $455.0K |
| Tax Assets | $22M |
| Other Non-Current Assets | $233M |
| TOTAL NON-CURRENT ASSETS | $255M |
| TOTAL ASSETS | $331M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $309.0K |
| TOTAL NON-CURRENT LIABILITIES | $32M |
| TOTAL LIABILITIES | $39M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $4.4B |
| Retained Earnings | -$4.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $293M |
| Minority Interest | $0 |
| TOTAL EQUITY | $293M |
| TOTAL LIABILITIES & EQUITY | $331M |
| Total Debt | $32M |
| Net Debt | $2M |
