| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $5M | $10M | -16.1% | -57.5% |
| Op. Income | -$63M | -$73M | -$55M | 13.9% | -14.1% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1077.2% | -677.4% | -408.0% | -399.8pp | -669.3pp |
| EPS (Diluted) | $-0.15 | $-0.12 | $-0.14 | -25.0% | -7.1% |
| Free Cash Flow | -$22M | -$24M | -$66M | 6.1% | 66.3% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $42M |
| Selling & Marketing | $3M |
| General & Administrative | $16M |
| SG&A Expenses | $19M |
| Other Expenses | $5M |
| Operating Expenses | $67M |
| Cost & Expenses | $67M |
| OPERATING INCOME | -$63M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $10M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | -$7M |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $7M |
| EBIT | -$59M |
| EBITDA | -$52M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $15M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$11M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$165M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $184M |
| NET CASH FROM INVESTING | $8M |
| Net Debt Issuance | $6M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$178.0K |
| NET CASH FROM FINANCING | $6M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $159M |
| Short-Term Investments | $446M |
| Net Receivables | $127M |
| Inventory | $0 |
| Other Current Assets | $33M |
| TOTAL CURRENT ASSETS | $765M |
| PP&E (Net) | $347M |
| Goodwill | $48M |
| Intangible Assets | $41M |
| Long-Term Investments | $82M |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $579M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $33M |
| Short-Term Debt | $0 |
| Deferred Revenue | $26M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $171M |
| Deferred Tax Liabilities | $10M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $246M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $790M |
| Additional Paid-In Capital | $169M |
| Retained Earnings | $71M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $68M |
| Net Debt | -$91M |
