| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $31M | $26M | $30M | 16.1% | 3.4% |
| Op. Income | -$9M | -$10M | -$8M | 9.1% | -6.8% |
| Gross Margin | 39.8% | 40.3% | 33.8% | -0.5pp | 6.0pp |
| Net Margin | -28.1% | -35.4% | -24.9% | 7.3pp | -3.2pp |
| EPS (Diluted) | $-0.12 | $-0.13 | $-0.10 | 7.7% | -20.0% |
| Free Cash Flow | $6M | -$15M | -$4M | 140.5% | 264.0% |
| Item | Amount |
|---|---|
| REVENUE | $31M |
| Cost of Revenue | $18M |
| GROSS PROFIT | $12M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $21M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $147.0K |
| Other Income/Expenses | $414.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $2M |
| EBIT | -$8M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$4.0K |
| Other Non-Cash Items | $12.0K |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | -$123.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$452.0K |
| Common Stock Repurchased | -$104.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$556.0K |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $58M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $1M |
| Other Current Assets | $834.0K |
| TOTAL CURRENT ASSETS | $94M |
| PP&E (Net) | $10M |
| Goodwill | $18M |
| Intangible Assets | $31M |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $158M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $809.0K |
| Other Non-Current Liabilities | $95.0K |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $32M |
| Common Stock | $112.0K |
| Additional Paid-In Capital | $462M |
| Retained Earnings | -$336M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$41.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $126M |
| Minority Interest | $0 |
| TOTAL EQUITY | $126M |
| TOTAL LIABILITIES & EQUITY | $158M |
| Total Debt | $10M |
| Net Debt | -$48M |
