| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $16M | $15M | -52.2% | -48.5% |
| Op. Income | -$5M | -$12M | -$3M | 58.9% | -55.6% |
| Gross Margin | 20.7% | 30.8% | 34.0% | -10.1pp | -13.3pp |
| Net Margin | -116.2% | -106.9% | -22.6% | -9.3pp | -93.7pp |
| EPS (Diluted) | $-0.48 | $-1.20 | $-0.37 | 60.0% | -29.7% |
| Free Cash Flow | -$3M | $615.0K | -$6M | -590.8% | 52.0% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $6M |
| GROSS PROFIT | $2M |
| R&D Expenses | $1M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$5M |
| Interest Income | $1.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $6.0K |
| 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 | $638.5K |
| EBIT | -$6M |
| EBITDA | -$6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $638.5K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$56.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$736.5K |
| NET CASH FROM FINANCING | $4M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$1M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $4M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $20M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $36M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $54M |
| Long-Term Investments | $3M |
| Tax Assets | $4M |
| Other Non-Current Assets | $28.0K |
| TOTAL NON-CURRENT ASSETS | $64M |
| TOTAL ASSETS | $100M |
| Account Payables | $25M |
| Short-Term Debt | $2M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $95M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $113M |
| TOTAL LIABILITIES | $143M |
| Common Stock | $4M |
| Additional Paid-In Capital | $64M |
| Retained Earnings | -$88M |
| Treasury Stock | -$25M |
| Accum. Other Comp. Income | $946.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$44M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$44M |
| TOTAL LIABILITIES & EQUITY | $100M |
| Total Debt | $108M |
| Net Debt | $104M |
