| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $118M | $203M | $112M | -42.0% | 5.3% |
| Op. Income | -$122M | $447.8K | -$57M | -27309.4% | -112.1% |
| Gross Margin | 82.6% | 91.9% | 92.1% | -9.3pp | -9.5pp |
| Net Margin | -93.7% | -22.1% | -136.6% | -71.6pp | 42.9pp |
| EPS (Diluted) | $-1.85 | $-0.75 | $-2.69 | -146.9% | 31.3% |
| Free Cash Flow | -$18M | -$102M | -$119M | 82.9% | 85.2% |
| Item | Amount |
|---|---|
| REVENUE | $118M |
| Cost of Revenue | $20M |
| GROSS PROFIT | $98M |
| R&D Expenses | $101M |
| Selling & Marketing | $0 |
| General & Administrative | $112M |
| SG&A Expenses | $112M |
| Other Expenses | $6M |
| Operating Expenses | $219M |
| Cost & Expenses | $240M |
| OPERATING INCOME | -$122M |
| Interest Income | $34M |
| Interest Expense | $52M |
| Other Income/Expenses | $12M |
| INCOME BEFORE TAX | -$109M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $5M |
| EBIT | -$57M |
| EBITDA | -$52M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $30M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $59M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$821.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$821.9K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$20M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $3M |
| NET CASH FROM FINANCING | -$21M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $606M |
| Short-Term Investments | $0 |
| Net Receivables | $78M |
| Inventory | $343M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $108M |
| Goodwill | $0 |
| Intangible Assets | $5M |
| Long-Term Investments | $48M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $164M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $99M |
| Short-Term Debt | $573M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $361M |
| TOTAL CURRENT LIABILITIES | $1.0B |
| Long-Term Debt | $418M |
| Deferred Revenue NC | $809.1K |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $428M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$3.1B |
| Treasury Stock | -$93.5K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$222M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$222M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $991M |
| Net Debt | $385M |
