Reported May 28, 2025
| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $34M | $39M | — | -12.4% | — |
| Op. Income | $4M | $3M | — | 46.3% | — |
| Gross Margin | 30.7% | 27.5% | — | 3.3pp | — |
| Net Margin | 6.9% | 0.6% | — | 6.4pp | — |
| EPS (Diluted) | $0.05 | $0.00 | — | 962.0% | — |
| Free Cash Flow | $6M | -$19M | — | 131.9% | — |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $10M |
| R&D Expenses | $952.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $4M |
| Interest Income | $27.5K |
| Interest Expense | $272.1K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $670.2K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $34M |
| Cost of Revenue | $24M |
| GROSS PROFIT | $10M |
| R&D Expenses | $952.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $30M |
| OPERATING INCOME | $4M |
| Interest Income | $27.5K |
| Interest Expense | $272.1K |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | $3M |
| Income Tax Expense | $670.2K |
| Net Income from Continuing Ops | $2M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $2M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $2M |
| D&A | $2M |
| EBIT | $3M |
| EBITDA | $5M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $9.1K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | $6M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | $6M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $98M |
| Short-Term Investments | $0 |
| Net Receivables | $9M |
| Inventory | $7M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $123M |
| PP&E (Net) | $78M |
| Goodwill | $0 |
| Intangible Assets | $647.4K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $171.6K |
| TOTAL NON-CURRENT ASSETS | $79M |
| TOTAL ASSETS | $202M |
| Account Payables | $6M |
| Short-Term Debt | $22M |
| Deferred Revenue | $42.9K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $6M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $41M |
| Common Stock | $0 |
| Additional Paid-In Capital | $44M |
| Retained Earnings | $113M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $161M |
| Minority Interest | $0 |
| TOTAL EQUITY | $161M |
| TOTAL LIABILITIES & EQUITY | $202M |
| Total Debt | $29M |
| Net Debt | -$69M |