Q1 revenue accelerated 38.7% year-over-year to $756.8K from key customer service increases, but operating losses widened 4.9% to -$2.3M due to R&D personnel expansion, amid rising cash burn and need for near-term capital raises.
Key takeaways
Operating income loss expanded 4.9% to -$2.3M from -$2.2M as R&D expenses rose due to development team expansion and merit adjustments.
Net income loss grew 3.4% to -$2.2M from -$2.2M, reflecting higher operating costs partially offset by revenue gains.
Diluted EPS improved 52.8% to -$0.42 from -$0.89, benefiting from revenue growth outpacing loss expansion.