| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $5M | $4M | -40.8% | -15.0% |
| Op. Income | -$5M | -$10M | -$9M | 51.0% | 46.2% |
| Gross Margin | 36.2% | 33.6% | 38.4% | 2.6pp | -2.3pp |
| Net Margin | -142.8% | -174.2% | -219.9% | 31.4pp | 77.1pp |
| EPS (Diluted) | $-0.49 | $-1.10 | $-1.02 | 55.3% | 52.1% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $1M |
| R&D Expenses | $2M |
| Selling & Marketing | $2M |
| General & Administrative | $2M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $6M |
| Cost & Expenses | $8M |
| OPERATING INCOME | -$5M |
| Interest Income | $391.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $428.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $0 |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| 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 | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $9M |
| Net Receivables | $9M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $70M |
| PP&E (Net) | $6M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $353.2K |
| TOTAL NON-CURRENT ASSETS | $6M |
| TOTAL ASSETS | $76M |
| Account Payables | $0 |
| Short-Term Debt | $0 |
| Deferred Revenue | $5M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $21M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $884.0K |
| TOTAL LIABILITIES | $22M |
| Common Stock | $47.3K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$1.6B |
| Treasury Stock | -$5.3K |
| Accum. Other Comp. Income | $12M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $76M |
| Total Debt | $2M |
| Net Debt | -$38M |
