| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | — | — |
| Op. Income | -$144M | -$124M | -$142M | -15.9% | -1.3% |
| EPS (Diluted) | $-0.17 | $-0.46 | $-0.36 | 63.0% | 52.8% |
| Free Cash Flow | -$105M | -$129M | -$104M | 18.7% | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $0 |
| GROSS PROFIT | $0 |
| R&D Expenses | $104M |
| Selling & Marketing | $0 |
| General & Administrative | $40M |
| SG&A Expenses | $40M |
| Other Expenses | $0 |
| Operating Expenses | $144M |
| Cost & Expenses | $144M |
| OPERATING INCOME | -$144M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $51M |
| INCOME BEFORE TAX | -$93M |
| Income Tax Expense | $100.0K |
| NET INCOME | -$93M |
| D&A | $4M |
| EBIT | -$144M |
| EBITDA | -$140M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$93M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$40M |
| Change in Working Capital | $5M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | $10M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $300M |
| FREE CASH FLOW | -$105M |
| Net Change in Cash | $196M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $140M |
| Goodwill | $0 |
| Intangible Assets | $300.0K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $900.0K |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $64M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $62M |
| TOTAL NON-CURRENT LIABILITIES | $136M |
| TOTAL LIABILITIES | $203M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.8B |
| Retained Earnings | -$1.8B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$200.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $78M |
| Net Debt | -$952M |
