| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $54M | $47M | 3.0% | 18.3% |
| Op. Income | -$9M | -$7M | -$8M | -26.4% | -14.3% |
| Gross Margin | 71.6% | 72.1% | 69.9% | -0.5pp | 1.6pp |
| Net Margin | -15.8% | -12.4% | -15.3% | -3.4pp | -0.5pp |
| EPS (Diluted) | $-0.12 | $-0.09 | $-0.10 | -30.3% | -20.0% |
| Free Cash Flow | -$663.0K | $6M | -$21M | -110.8% | 96.8% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $40M |
| R&D Expenses | $11M |
| Selling & Marketing | $24M |
| General & Administrative | $15M |
| SG&A Expenses | $38M |
| Other Expenses | $0 |
| Operating Expenses | $49M |
| Cost & Expenses | $65M |
| OPERATING INCOME | -$9M |
| Interest Income | $463.0K |
| Interest Expense | $397.0K |
| Other Income/Expenses | $566.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $71.0K |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $4M |
| EBIT | -$8M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$219.0K |
| Capital Expenditure | -$444.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$15M |
| Sales/Maturities of Investments | $19M |
| Other Investing Activities | -$399.0K |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$26.0K |
| NET CASH FROM FINANCING | -$225.0K |
| FREE CASH FLOW | -$663.0K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $53M |
| Short-Term Investments | $45M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $120M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $68M |
| TOTAL ASSETS | $188M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $39M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $45M |
| TOTAL LIABILITIES | $120M |
| Common Stock | $0 |
| Additional Paid-In Capital | $369M |
| Retained Earnings | -$300M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$500.0K |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $69M |
| Minority Interest | $0 |
| TOTAL EQUITY | $69M |
| TOTAL LIABILITIES & EQUITY | $188M |
| Total Debt | $55M |
| Net Debt | $2M |
