| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $594M | $593M | $494M | 0.2% | 20.2% |
| Op. Income | $18M | -$105M | -$43M | 117.2% | 141.6% |
| Gross Margin | 88.0% | 82.7% | 86.7% | 5.4pp | 1.4pp |
| Net Margin | -9.7% | -14.1% | -13.3% | 4.4pp | 3.7pp |
| EPS (Diluted) | $-0.44 | $-0.65 | $-0.52 | 32.3% | 15.4% |
| Free Cash Flow | -$127M | -$104M | -$94M | -22.7% | -34.7% |
| Item | Amount |
|---|---|
| REVENUE | $594M |
| Cost of Revenue | $71M |
| GROSS PROFIT | $523M |
| R&D Expenses | $265M |
| Selling & Marketing | $0 |
| General & Administrative | $240M |
| SG&A Expenses | $240M |
| Other Expenses | $0 |
| Operating Expenses | $505M |
| Cost & Expenses | $576M |
| OPERATING INCOME | $18M |
| Interest Income | $29M |
| Interest Expense | $39M |
| Other Income/Expenses | -$60M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $16M |
| Net Income from Continuing Ops | -$57M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$57M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$57M |
| D&A | $14M |
| EBIT | -$3M |
| EBITDA | $11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$57M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $57M |
| Deferred Income Tax | $10M |
| Other Non-Cash Items | $75M |
| Change in Working Capital | -$217M |
| OPERATING CASH FLOW | -$118M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$450M |
| Sales/Maturities of Investments | $524M |
| Other Investing Activities | $49M |
| NET CASH FROM INVESTING | $114M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $44M |
| FREE CASH FLOW | -$127M |
| Net Change in Cash | $54M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $1.6B |
| Net Receivables | $418M |
| Inventory | $66M |
| Other Current Assets | $152M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $696M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $107M |
| Other Non-Current Assets | $142M |
| TOTAL NON-CURRENT ASSETS | $946M |
| TOTAL ASSETS | $4.2B |
| Account Payables | $97M |
| Short-Term Debt | $82M |
| Deferred Revenue | $28M |
| Other Current Liabilities | $118M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $428M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.5B |
| Retained Earnings | -$7.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$38M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $115M |
| Minority Interest | $0 |
| TOTAL EQUITY | $115M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.7B |
| Net Debt | $1.7B |
