| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | — | $8M | — | 6.6% |
| Op. Income | -$107M | — | -$92M | — | -15.8% |
| Gross Margin | 87.6% | — | 75.9% | — | 11.7pp |
| Net Margin | -1023.3% | — | -995.8% | — | -27.4pp |
| EPS (Diluted) | $-1.55 | — | $-1.45 | — | -6.9% |
| Free Cash Flow | -$112M | -$134M | -$100M | 16.3% | -12.2% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $8M |
| R&D Expenses | $73M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $42M |
| Other Expenses | $0 |
| Operating Expenses | $114M |
| Cost & Expenses | $115M |
| OPERATING INCOME | -$107M |
| Interest Income | $16M |
| Interest Expense | $0 |
| Other Income/Expenses | $17M |
| INCOME BEFORE TAX | -$89M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$89M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$89M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$89M |
| D&A | $1M |
| EBIT | -$107M |
| EBITDA | -$105M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$89M |
| Depreciation & Amortization | $1M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$37M |
| OPERATING CASH FLOW | -$111M |
| Capital Expenditure | -$766.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$175M |
| Sales/Maturities of Investments | $288M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $113M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$112M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $814M |
| Net Receivables | $3M |
| Inventory | $30M |
| Other Current Assets | $42M |
| TOTAL CURRENT ASSETS | $969M |
| PP&E (Net) | $51M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $531M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $587M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $880.0K |
| TOTAL NON-CURRENT LIABILITIES | $37M |
| TOTAL LIABILITIES | $89M |
| Common Stock | $74.0K |
| Additional Paid-In Capital | $2.5B |
| Retained Earnings | -$238M |
| Treasury Stock | -$802M |
| Accum. Other Comp. Income | $365.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.5B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.5B |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $53M |
| Net Debt | -$26M |
