| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $1M | $0 | -12.9% | — |
| Op. Income | -$25M | -$24M | -$26M | -4.0% | 3.5% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -1922.1% | -1389.4% | — | -532.8pp | — |
| EPS (Diluted) | $-0.24 | $-0.19 | $-0.23 | -26.7% | -5.6% |
| Free Cash Flow | -$24M | $7M | $986.4K | -428.2% | -2574.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $1.3K |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$25M |
| Interest Income | $874.4K |
| Interest Expense | $68.7K |
| Other Income/Expenses | $434.0K |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $778.9K |
| EBIT | -$24M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $778.9K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $431.5K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$24M |
| Capital Expenditure | -$460.7K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $4M |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$322.0K |
| Common Stock Repurchased | -$6.4K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$328.4K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $25M |
| Short-Term Investments | $160M |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $194M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $64M |
| Long-Term Investments | $744.6K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $75M |
| TOTAL ASSETS | $269M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $108M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $126M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $5M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $11M |
| TOTAL NON-CURRENT LIABILITIES | $22M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $3M |
| Additional Paid-In Capital | $610M |
| Retained Earnings | -$492M |
| Treasury Stock | -$277.5K |
| Accum. Other Comp. Income | -$1.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $121M |
| Minority Interest | $0 |
| TOTAL EQUITY | $121M |
| TOTAL LIABILITIES & EQUITY | $269M |
| Total Debt | $7M |
| Net Debt | -$19M |
