| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $5M | $7M | 52.4% | -2.5% |
| Op. Income | $1M | -$1M | $650.4K | 206.1% | 110.3% |
| Gross Margin | 72.6% | 62.3% | 64.2% | 10.2pp | 8.4pp |
| Net Margin | 17.7% | -34.8% | 6.4% | 52.5pp | 11.3pp |
| EPS (Diluted) | $0.11 | $-0.15 | $0.11 | 173.3% | 0.0% |
| Free Cash Flow | -$362.7K | -$2M | $4M | 76.8% | -110.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $609.1K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.7K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $358.5K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $5M |
| R&D Expenses | $609.1K |
| Selling & Marketing | $0 |
| General & Administrative | $3M |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $4M |
| Cost & Expenses | $6M |
| OPERATING INCOME | $1M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$1.7K |
| INCOME BEFORE TAX | $1M |
| Income Tax Expense | $102.0K |
| Net Income from Continuing Ops | $1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $1M |
| D&A | $358.5K |
| EBIT | $1M |
| EBITDA | $2M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $1M |
| Depreciation & Amortization | $358.5K |
| Stock-Based Compensation | $29.5K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$15.3K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | $65.7K |
| Capital Expenditure | -$428.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$428.4K |
| Net Debt Issuance | -$65.5K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$65.5K |
| FREE CASH FLOW | -$362.7K |
| Net Change in Cash | -$428.2K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $11M |
| Inventory | $15M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $45M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $556.4K |
| Long-Term Investments | $0 |
| Tax Assets | $4M |
| Other Non-Current Assets | $183.9K |
| TOTAL NON-CURRENT ASSETS | $22M |
| TOTAL ASSETS | $67M |
| Account Payables | $1M |
| Short-Term Debt | $228.5K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $10M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $20M |
| Common Stock | $1.1K |
| Additional Paid-In Capital | $33M |
| Retained Earnings | $14M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $67M |
| Total Debt | $8M |
| Net Debt | -$9M |
