| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $43M | $54M | $47M | -19.5% | -6.6% |
| Op. Income | -$6M | -$88M | -$5M | 92.8% | -17.9% |
| Gross Margin | 49.1% | 58.5% | 63.1% | -9.5pp | -14.1pp |
| Net Margin | -11.1% | -164.6% | -6.7% | 153.4pp | -4.5pp |
| EPS (Diluted) | $-0.04 | $-0.66 | $-0.02 | 94.5% | -56.3% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $43M |
| Cost of Revenue | $22M |
| GROSS PROFIT | $21M |
| R&D Expenses | $5M |
| Selling & Marketing | $15M |
| General & Administrative | $8M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $50M |
| OPERATING INCOME | -$6M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$234.5K |
| 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 | $0 |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $242.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $65M |
| Short-Term Investments | $84M |
| Net Receivables | $18M |
| Inventory | $26M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $236M |
| PP&E (Net) | $51M |
| Goodwill | $99.9K |
| Intangible Assets | $19M |
| Long-Term Investments | $41M |
| Tax Assets | $12M |
| Other Non-Current Assets | $27M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $386M |
| Account Payables | $0 |
| Short-Term Debt | $9M |
| Deferred Revenue | $11M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $86M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $219.8K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $109M |
| Common Stock | $42.4K |
| Additional Paid-In Capital | $446M |
| Retained Earnings | -$140M |
| Treasury Stock | -$56M |
| Accum. Other Comp. Income | $10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $260M |
| Minority Interest | $17M |
| TOTAL EQUITY | $278M |
| TOTAL LIABILITIES & EQUITY | $386M |
| Total Debt | $36M |
| Net Debt | -$29M |
