| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $62M | $53M | $43M | 17.4% | 44.6% |
| Op. Income | -$4M | -$11M | -$13M | 67.6% | 73.4% |
| Gross Margin | 4.9% | -1.8% | -10.2% | 6.7pp | 15.1pp |
| Net Margin | -0.9% | -29.1% | -27.3% | 28.2pp | 26.5pp |
| EPS (Diluted) | $-0.01 | $-0.32 | $-0.25 | 96.5% | 95.5% |
| Free Cash Flow | -$5M | $135M | $43M | -103.3% | -110.5% |
| Item | Amount |
|---|---|
| REVENUE | $62M |
| Cost of Revenue | $59M |
| GROSS PROFIT | $3M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $66M |
| OPERATING INCOME | -$4M |
| Interest Income | $153.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $323.0K |
| Income Tax Expense | $860.0K |
| Net Income from Continuing Ops | -$537.0K |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$537.0K |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$537.0K |
| D&A | $6M |
| EBIT | $323.0K |
| EBITDA | $6M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$537.0K |
| Depreciation & Amortization | $6M |
| Stock-Based Compensation | $211.0K |
| Deferred Income Tax | -$34.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $977.0K |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$7M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | -$3M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $0 |
| Net Receivables | $76M |
| Inventory | $17M |
| Other Current Assets | $35M |
| TOTAL CURRENT ASSETS | $187M |
| PP&E (Net) | $114M |
| Goodwill | $9M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $65M |
| TOTAL NON-CURRENT ASSETS | $188M |
| TOTAL ASSETS | $374M |
| Account Payables | $28M |
| Short-Term Debt | $0 |
| Deferred Revenue | $777.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $105M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $17M |
| TOTAL LIABILITIES | $122M |
| Common Stock | $481.0K |
| Additional Paid-In Capital | $541M |
| Retained Earnings | -$284M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $253M |
| Minority Interest | $0 |
| TOTAL EQUITY | $253M |
| TOTAL LIABILITIES & EQUITY | $374M |
| Total Debt | $15M |
| Net Debt | -$42M |
