| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $44M | $49M | $49M | -9.6% | -9.5% |
| Op. Income | -$12M | -$17M | -$19M | 27.2% | 34.1% |
| Gross Margin | 14.8% | 13.5% | 26.0% | 1.3pp | -11.2pp |
| Net Margin | -19.3% | -39.6% | -43.4% | 20.3pp | 24.1pp |
| EPS (Diluted) | $-0.26 | $-0.59 | $-0.66 | 56.0% | 60.4% |
| Free Cash Flow | -$32.0K | -$5M | -$4M | 99.3% | 99.2% |
| Item | Amount |
|---|---|
| REVENUE | $44M |
| Cost of Revenue | $37M |
| GROSS PROFIT | $7M |
| R&D Expenses | $0 |
| Selling & Marketing | $3M |
| General & Administrative | $8M |
| SG&A Expenses | $10M |
| Other Expenses | $9M |
| Operating Expenses | $19M |
| Cost & Expenses | $56M |
| OPERATING INCOME | -$12M |
| Interest Income | $14.6K |
| Interest Expense | $522.5K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $4M |
| EBIT | -$8M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $157.2K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$32.0K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$32.0K |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $27M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $5M |
| Other Current Assets | $27M |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $133M |
| Goodwill | $0 |
| Intangible Assets | $13M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $154M |
| TOTAL ASSETS | $218M |
| Account Payables | $33M |
| Short-Term Debt | $133M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $26M |
| TOTAL CURRENT LIABILITIES | $234M |
| Long-Term Debt | $62M |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $348M |
| Common Stock | $1.5K |
| Additional Paid-In Capital | $266M |
| Retained Earnings | -$398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$131M |
| Minority Interest | $1M |
| TOTAL EQUITY | -$130M |
| TOTAL LIABILITIES & EQUITY | $218M |
| Total Debt | $271M |
| Net Debt | $244M |
