Reported March 28, 2025
| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $73M | — | $76M | — | -4.5% |
| Op. Income | $1M | — | $3M | — | -62.9% |
| Gross Margin | 33.2% | — | 36.4% | — | -3.3pp |
| Net Margin | 3.9% | — | 5.0% | — | -1.1pp |
| EPS (Diluted) | $0.05 | — | $0.09 | — | -41.8% |
| Free Cash Flow | -$3M | — | $15M | — | -121.6% |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $24M |
| R&D Expenses | $3M |
| Selling & Marketing | $15M |
| General & Administrative | $5M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $1M |
| Interest Income | $42.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$388.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $449.5K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $73M |
| Cost of Revenue | $48M |
| GROSS PROFIT | $24M |
| R&D Expenses | $3M |
| Selling & Marketing | $15M |
| General & Administrative | $5M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $71M |
| OPERATING INCOME | $1M |
| Interest Income | $42.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | $2M |
| Income Tax Expense | -$388.0K |
| Net Income from Continuing Ops | $3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $3M |
| D&A | $449.5K |
| EBIT | $2M |
| EBITDA | $3M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $3M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | -$492.0K |
| Other Non-Cash Items | $4M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2.0K |
| NET CASH FROM INVESTING | -$18M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$417.0K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | -$69M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $43M |
| Short-Term Investments | $6M |
| Net Receivables | $37M |
| Inventory | $21M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $116M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $10M |
| Tax Assets | $2M |
| Other Non-Current Assets | $151.0K |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $139M |
| Account Payables | $26M |
| Short-Term Debt | $37M |
| Deferred Revenue | $641.0K |
| Other Current Liabilities | $161.0K |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $2M |
| TOTAL LIABILITIES | $82M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $17M |
| Retained Earnings | $33M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $57M |
| Minority Interest | $0 |
| TOTAL EQUITY | $57M |
| TOTAL LIABILITIES & EQUITY | $139M |
| Total Debt | $40M |
| Net Debt | -$3M |