| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $6M | $11M | $13M | -48.8% | -55.3% |
| Op. Income | -$9M | -$15M | -$10M | 36.4% | 9.5% |
| Gross Margin | 20.6% | -32.4% | 21.2% | 53.0pp | -0.6pp |
| Net Margin | -173.3% | -165.4% | -83.6% | -7.8pp | -89.7pp |
| EPS (Diluted) | $-1.26 | $-2.36 | $-1.80 | 46.6% | 30.0% |
| Free Cash Flow | -$5M | $3M | -$15M | -244.2% | 67.5% |
| Item | Amount |
|---|---|
| REVENUE | $6M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $654.0K |
| General & Administrative | $8M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $15M |
| OPERATING INCOME | -$9M |
| Interest Income | $0 |
| Interest Expense | $500.0K |
| Other Income/Expenses | -$905.0K |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $12.0K |
| Net Income from Continuing Ops | -$10M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$10M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$10M |
| D&A | $912.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$10M |
| Depreciation & Amortization | $912.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $677.0K |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$5M |
| 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 | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$140.0K |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $5M |
| Short-Term Investments | $0 |
| Net Receivables | $25M |
| Inventory | $38M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $73M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $88M |
| Account Payables | $7M |
| Short-Term Debt | $21M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $863.0K |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $189.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $800.0K |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $63M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $238M |
| Retained Earnings | -$214M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $25M |
| Minority Interest | $0 |
| TOTAL EQUITY | $25M |
| TOTAL LIABILITIES & EQUITY | $88M |
| Total Debt | $43M |
| Net Debt | $38M |
