| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $18M | $20M | $13M | -13.7% | 36.4% |
| Op. Income | -$19M | -$13M | -$9M | -43.0% | -97.2% |
| Gross Margin | 50.9% | 57.2% | 55.7% | -6.3pp | -4.8pp |
| Net Margin | -162.5% | -88.6% | -96.3% | -73.9pp | -66.2pp |
| EPS (Diluted) | $-0.93 | $-0.42 | $-0.41 | -121.4% | -126.8% |
| Free Cash Flow | -$20M | -$15M | -$13M | -36.8% | -61.8% |
| Item | Amount |
|---|---|
| REVENUE | $18M |
| Cost of Revenue | $9M |
| GROSS PROFIT | $9M |
| R&D Expenses | $8M |
| Selling & Marketing | $13M |
| General & Administrative | $7M |
| SG&A Expenses | $20M |
| Other Expenses | $0 |
| Operating Expenses | $28M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$19M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | -$29M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$29M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$29M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$29M |
| D&A | $604.0K |
| EBIT | -$19M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$29M |
| Depreciation & Amortization | $604.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$333.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$207M |
| Sales/Maturities of Investments | $28M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$179M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $98.0K |
| NET CASH FROM FINANCING | $211M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $42M |
| Short-Term Investments | $189M |
| Net Receivables | $11M |
| Inventory | $16M |
| Other Current Assets | $260.0K |
| TOTAL CURRENT ASSETS | $262M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $64M |
| Tax Assets | $0 |
| Other Non-Current Assets | $246.0K |
| TOTAL NON-CURRENT ASSETS | $76M |
| TOTAL ASSETS | $338M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $949.0K |
| Other Current Liabilities | $7M |
| TOTAL CURRENT LIABILITIES | $16M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $2M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $8M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $639M |
| Retained Earnings | -$325M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $240.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $314M |
| Minority Interest | $0 |
| TOTAL EQUITY | $314M |
| TOTAL LIABILITIES & EQUITY | $338M |
| Total Debt | $7M |
| Net Debt | -$35M |
