| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $920.7K | $1M | 18.3% | 8.3% |
| Op. Income | -$647.4K | -$961.0K | -$2M | 32.6% | 62.3% |
| Gross Margin | 24.5% | 18.5% | 16.3% | 5.9pp | 8.2pp |
| Net Margin | -59.3% | -106.4% | -169.9% | 47.0pp | 110.6pp |
| EPS (Diluted) | $-0.06 | $-0.09 | $-0.17 | 36.5% | 67.1% |
| Free Cash Flow | -$206.5K | -$1M | -$1M | 82.4% | 82.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $823.1K |
| GROSS PROFIT | $266.5K |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $913.9K |
| SG&A Expenses | $913.9K |
| Other Expenses | $0 |
| Operating Expenses | $913.9K |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$647.4K |
| Interest Income | $6.3K |
| Interest Expense | $5.5K |
| Other Income/Expenses | $789 |
| INCOME BEFORE TAX | -$646.6K |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$646.6K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$646.6K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$646.6K |
| D&A | $64.7K |
| EBIT | -$641.1K |
| EBITDA | -$576.4K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$646.6K |
| Depreciation & Amortization | $137.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $75.5K |
| Change in Working Capital | $227.6K |
| OPERATING CASH FLOW | -$206.5K |
| Capital Expenditure | $4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$250.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$249.9K |
| FREE CASH FLOW | -$206.5K |
| Net Change in Cash | -$456.4K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $895.9K |
| Short-Term Investments | $190.5K |
| Net Receivables | $672.5K |
| Inventory | $956.0K |
| Other Current Assets | $213.7K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $55.9K |
| Goodwill | $0 |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $6M |
| Account Payables | $292.3K |
| Short-Term Debt | $250.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $828.0K |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $828.0K |
| Common Stock | $1.7K |
| Additional Paid-In Capital | $11M |
| Retained Earnings | -$6M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $322.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $5M |
| Minority Interest | $0 |
| TOTAL EQUITY | $5M |
| TOTAL LIABILITIES & EQUITY | $6M |
| Total Debt | $250.0K |
| Net Debt | -$645.9K |
