| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $9M | $8M | -20.8% | -13.8% |
| Op. Income | -$5M | -$3M | -$11M | -94.8% | 52.7% |
| Gross Margin | 47.4% | 40.7% | 34.5% | 6.8pp | 13.0pp |
| Net Margin | -86.3% | -42.5% | -156.2% | -43.8pp | 69.9pp |
| EPS (Diluted) | $-0.26 | $-27.75 | $-70.35 | 99.1% | 99.6% |
| Free Cash Flow | -$5M | -$5M | -$5M | 7.7% | 14.3% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $3M |
| R&D Expenses | $1M |
| Selling & Marketing | $4M |
| General & Administrative | $3M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $9M |
| Cost & Expenses | $12M |
| OPERATING INCOME | -$5M |
| Interest Income | $0 |
| Interest Expense | $502.0K |
| Other Income/Expenses | -$446.0K |
| INCOME BEFORE TAX | -$6M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$6M |
| D&A | $1.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$6M |
| Depreciation & Amortization | $1.0K |
| Stock-Based Compensation | $973.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $23.0K |
| Change in Working Capital | $194.0K |
| 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 | -$30.0K |
| NET CASH FROM FINANCING | $978.0K |
| FREE CASH FLOW | -$5M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $2M |
| Other Current Assets | $477.0K |
| TOTAL CURRENT ASSETS | $10M |
| PP&E (Net) | $19.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $40.0K |
| TOTAL NON-CURRENT ASSETS | $59.0K |
| TOTAL ASSETS | $10M |
| Account Payables | $6M |
| Short-Term Debt | $5M |
| Deferred Revenue | $3M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $8M |
| Deferred Revenue NC | $287.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $10M |
| TOTAL LIABILITIES | $29M |
| Common Stock | $0 |
| Additional Paid-In Capital | $276M |
| Retained Earnings | -$296M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $257.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$20M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$20M |
| TOTAL LIABILITIES & EQUITY | $10M |
| Total Debt | $13M |
| Net Debt | $12M |
