| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $54M | $16M | -93.2% | -76.9% |
| Op. Income | -$45M | -$7M | -$44M | -516.6% | -2.3% |
| Gross Margin | 100.0% | 14.3% | 85.6% | 85.7pp | 14.4pp |
| Net Margin | -1101.6% | -3.8% | -227.0% | -1097.7pp | -874.5pp |
| EPS (Diluted) | $-0.41 | $-0.02 | $-0.38 | -1843.1% | -7.9% |
| Free Cash Flow | -$61M | -$55M | -$62M | -10.1% | 1.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $4M |
| R&D Expenses | $34M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$45M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $2M |
| EBIT | -$45M |
| EBITDA | -$43M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$29M |
| OPERATING CASH FLOW | -$61M |
| Capital Expenditure | -$20.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$56M |
| Sales/Maturities of Investments | $122M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $66M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$61M |
| Net Change in Cash | $5M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $317M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $367M |
| PP&E (Net) | $35M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $42M |
| TOTAL ASSETS | $408M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $22M |
| Other Current Liabilities | $45M |
| TOTAL CURRENT LIABILITIES | $110M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $170M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $314M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $964M |
| Retained Earnings | -$870M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $191.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $95M |
| Minority Interest | $0 |
| TOTAL EQUITY | $95M |
| TOTAL LIABILITIES & EQUITY | $408M |
| Total Debt | $41M |
| Net Debt | $3M |
