| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $68M | $133M | $94M | -49.0% | -28.0% |
| Op. Income | -$10M | -$3M | -$6M | -258.7% | -58.9% |
| Gross Margin | 50.1% | 52.3% | 54.8% | -2.2pp | -4.7pp |
| Net Margin | -12.0% | -1.4% | -5.0% | -10.6pp | -7.0pp |
| EPS (Diluted) | $-0.26 | $-0.06 | $-0.15 | -331.9% | -73.3% |
| Free Cash Flow | -$15M | $26M | -$10M | -159.9% | -61.0% |
| Item | Amount |
|---|---|
| REVENUE | $68M |
| Cost of Revenue | $34M |
| GROSS PROFIT | $34M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $45M |
| Other Expenses | -$908.0K |
| Operating Expenses | $44M |
| Cost & Expenses | $78M |
| OPERATING INCOME | -$10M |
| Interest Income | $470.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | -$517.0K |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $7M |
| EBIT | -$11M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $804.0K |
| Deferred Income Tax | $409.0K |
| Other Non-Cash Items | $45.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$15M |
| Capital Expenditure | -$863.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$863.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$6M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$356.0K |
| NET CASH FROM FINANCING | -$7M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$22M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $55M |
| Short-Term Investments | $0 |
| Net Receivables | $22M |
| Inventory | $125M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $218M |
| PP&E (Net) | $118M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $20M |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $369M |
| Account Payables | $22M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $63M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $42.0K |
| TOTAL NON-CURRENT LIABILITIES | $60M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $0 |
| Additional Paid-In Capital | $113M |
| Retained Earnings | $274M |
| Treasury Stock | -$141M |
| Accum. Other Comp. Income | -$64.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $246M |
| Minority Interest | $0 |
| TOTAL EQUITY | $246M |
| TOTAL LIABILITIES & EQUITY | $369M |
| Total Debt | $78M |
| Net Debt | $23M |
