| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $58M | $62M | $38M | -7.0% | 50.3% |
| Op. Income | -$7M | -$24M | $80M | 71.5% | -108.7% |
| Gross Margin | 53.2% | 48.6% | 32.3% | 4.6pp | 20.9pp |
| Net Margin | -18.8% | -69.9% | 179.9% | 51.1pp | -198.6pp |
| EPS (Diluted) | $-0.14 | $-0.61 | $0.98 | 76.9% | -114.3% |
| Free Cash Flow | -$11M | $7M | -$45M | -269.8% | 75.0% |
| Item | Amount |
|---|---|
| REVENUE | $58M |
| Cost of Revenue | $27M |
| GROSS PROFIT | $31M |
| R&D Expenses | $17M |
| Selling & Marketing | $12M |
| General & Administrative | $10M |
| SG&A Expenses | $23M |
| Other Expenses | -$3M |
| Operating Expenses | $38M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$7M |
| Interest Income | $597.5K |
| Interest Expense | $7M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$2M |
| EBITDA | -$2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $515.6K |
| NET CASH FROM INVESTING | -$1M |
| Net Debt Issuance | -$800.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $179M |
| Short-Term Investments | $0 |
| Net Receivables | $39M |
| Inventory | $72M |
| Other Current Assets | $45M |
| TOTAL CURRENT ASSETS | $336M |
| PP&E (Net) | $180M |
| Goodwill | $0 |
| Intangible Assets | $29M |
| Long-Term Investments | $0 |
| Tax Assets | $9M |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $228M |
| TOTAL ASSETS | $564M |
| Account Payables | $33M |
| Short-Term Debt | $23M |
| Deferred Revenue | $4M |
| Other Current Liabilities | $35M |
| TOTAL CURRENT LIABILITIES | $124M |
| Long-Term Debt | $189M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $235M |
| TOTAL LIABILITIES | $359M |
| Common Stock | $29M |
| Additional Paid-In Capital | $757M |
| Retained Earnings | -$670M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $89M |
| Other Equity | $1.2K |
| TOTAL STOCKHOLDERS' EQUITY | $205M |
| Minority Interest | $0 |
| TOTAL EQUITY | $205M |
| TOTAL LIABILITIES & EQUITY | $564M |
| Total Debt | $247M |
| Net Debt | $68M |
