| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $9M | $2M | -84.2% | -39.3% |
| Op. Income | -$18M | -$100M | -$19M | 81.9% | 4.5% |
| Gross Margin | 65.2% | -1.0% | 23.3% | 66.2pp | 42.0pp |
| Net Margin | -1036.8% | -1048.2% | -706.5% | 11.5pp | -330.3pp |
| EPS (Diluted) | $-0.12 | $-1.01 | $-0.24 | 88.1% | 50.0% |
| Free Cash Flow | -$13M | -$45M | -$21M | 70.7% | 37.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $506.0K |
| GROSS PROFIT | $949.0K |
| R&D Expenses | $12M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | $1M |
| Operating Expenses | $19M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$18M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$15M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$15M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$15M |
| D&A | $128.0K |
| EBIT | -$18M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$15M |
| Depreciation & Amortization | $128.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $300.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | -$43.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$10M |
| Sales/Maturities of Investments | $30M |
| Other Investing Activities | -$833.0K |
| NET CASH FROM INVESTING | $19M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$275.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$275.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | $6M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $30M |
| Short-Term Investments | $75M |
| Net Receivables | $250.0K |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $109M |
| PP&E (Net) | $942.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $85M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $198M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $22M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $19M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $13M |
| TOTAL NON-CURRENT LIABILITIES | $33M |
| TOTAL LIABILITIES | $54M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$918M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $434.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $0 |
| TOTAL EQUITY | $144M |
| TOTAL LIABILITIES & EQUITY | $198M |
| Total Debt | $0 |
| Net Debt | -$30M |
