| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | $7M | $6M | 28.0% | 62.8% |
| Op. Income | -$10M | -$12M | -$11M | 13.8% | 7.3% |
| Gross Margin | 100.0% | -94.1% | 99.4% | 194.1pp | 0.6pp |
| Net Margin | -93.6% | -140.5% | -156.9% | 46.9pp | 63.3pp |
| EPS (Diluted) | $-1.17 | $-1.72 | $-1.66 | 32.0% | 29.5% |
| Free Cash Flow | -$23M | -$407.0K | -$18M | -5659.0% | -27.5% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $9M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $19M |
| Cost & Expenses | $19M |
| OPERATING INCOME | -$10M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $33.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $33.0K |
| Stock-Based Compensation | $712.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$289.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$20M |
| Sales/Maturities of Investments | $26M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $23M |
| Short-Term Investments | $68M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $96M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $312.0K |
| TOTAL NON-CURRENT ASSETS | $3M |
| TOTAL ASSETS | $99M |
| Account Payables | $875.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $41M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $47M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $23M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $25M |
| TOTAL LIABILITIES | $72M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $862M |
| Retained Earnings | -$835M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$253.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $27M |
| Minority Interest | $0 |
| TOTAL EQUITY | $27M |
| TOTAL LIABILITIES & EQUITY | $99M |
| Total Debt | $3M |
| Net Debt | -$20M |
