| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $43M | $7M | -35.6% | 286.8% |
| Op. Income | -$28M | -$10M | -$42M | -184.8% | 34.7% |
| Gross Margin | -48.3% | 1.2% | -416.0% | -49.5pp | 367.7pp |
| Net Margin | -141.6% | -50.5% | -612.0% | -91.1pp | 470.4pp |
| EPS (Diluted) | $-1.28 | $-0.77 | $-1.64 | -66.2% | 22.0% |
| Free Cash Flow | -$11M | -$67M | -$37M | 84.0% | 71.2% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $41M |
| GROSS PROFIT | -$13M |
| R&D Expenses | $41M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$41M |
| Operating Expenses | $14M |
| Cost & Expenses | $55M |
| OPERATING INCOME | -$28M |
| Interest Income | $4M |
| Interest Expense | $18M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$39M |
| Income Tax Expense | $44.0K |
| Net Income from Continuing Ops | -$39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$39M |
| D&A | $606.0K |
| EBIT | -$21M |
| EBITDA | -$21M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$39M |
| Depreciation & Amortization | $606.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $16M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$35.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$123M |
| Sales/Maturities of Investments | $137M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$24M |
| NET CASH FROM FINANCING | -$29M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $99M |
| Short-Term Investments | $241M |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $363M |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $43M |
| Tax Assets | $0 |
| Other Non-Current Assets | $256.0K |
| TOTAL NON-CURRENT ASSETS | $59M |
| TOTAL ASSETS | $422M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $330M |
| TOTAL NON-CURRENT LIABILITIES | $344M |
| TOTAL LIABILITIES | $388M |
| Common Stock | $30.0K |
| Additional Paid-In Capital | $832M |
| Retained Earnings | -$799M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $161.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $422M |
| Total Debt | $16M |
| Net Debt | -$83M |
