| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $665.0K | $898.0K | 77.3% | 31.3% |
| Op. Income | -$28M | -$30M | -$23M | 6.9% | -18.0% |
| Gross Margin | -1288.0% | -2452.9% | -1262.6% | 1165.0pp | -25.4pp |
| Net Margin | -2234.6% | -4358.3% | -2447.1% | 2123.7pp | 212.5pp |
| EPS (Diluted) | $-0.21 | $-0.25 | $-0.22 | 16.0% | 4.5% |
| Free Cash Flow | -$22M | -$17M | -$18M | -28.7% | -22.4% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $16M |
| GROSS PROFIT | -$15M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$4M |
| Operating Expenses | $13M |
| Cost & Expenses | $29M |
| OPERATING INCOME | -$28M |
| Interest Income | $0 |
| Interest Expense | $79.0K |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$26M |
| Income Tax Expense | -$4.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $3M |
| EBIT | -$28M |
| EBITDA | -$25M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$692.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$22M |
| Capital Expenditure | -$25.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $25M |
| Other Investing Activities | $113.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | -$809.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$22M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $47M |
| Short-Term Investments | $87M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $156M |
| PP&E (Net) | $31M |
| Goodwill | $0 |
| Intangible Assets | $44M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $232M |
| Account Payables | $5M |
| Short-Term Debt | $3M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $682.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $6M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $13.0K |
| Additional Paid-In Capital | $735M |
| Retained Earnings | -$536M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $19.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $199M |
| Minority Interest | $0 |
| TOTAL EQUITY | $199M |
| TOTAL LIABILITIES & EQUITY | $232M |
| Total Debt | $9M |
| Net Debt | -$38M |
