| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $10M | $4M | $20M | 169.1% | -48.9% |
| Op. Income | -$70M | -$68M | -$32M | -3.8% | -121.4% |
| Gross Margin | -474.0% | -1412.2% | 100.0% | 938.2pp | -574.0pp |
| Net Margin | -608.9% | -1398.4% | -136.0% | 789.5pp | -472.9pp |
| EPS (Diluted) | $-0.88 | $-0.74 | $-0.62 | -18.9% | -41.9% |
| Free Cash Flow | -$87M | -$10M | -$71M | -794.2% | -23.2% |
| Item | Amount |
|---|---|
| REVENUE | $10M |
| Cost of Revenue | $57M |
| GROSS PROFIT | -$47M |
| R&D Expenses | $59M |
| Selling & Marketing | -$199.0K |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$57M |
| Operating Expenses | $23M |
| Cost & Expenses | $80M |
| OPERATING INCOME | -$70M |
| Interest Income | $8M |
| Interest Expense | $51.0K |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$62M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$61M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$61M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$61M |
| D&A | -$8M |
| EBIT | -$62M |
| EBITDA | -$70M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$61M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $36.9K |
| Change in Working Capital | -$36M |
| OPERATING CASH FLOW | -$87M |
| Capital Expenditure | -$606.3K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$606.3K |
| Net Debt Issuance | -$43.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$164 |
| NET CASH FROM FINANCING | -$41.2K |
| FREE CASH FLOW | -$87M |
| Net Change in Cash | -$87M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $793M |
| Short-Term Investments | $0 |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $856M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $547.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $884M |
| Account Payables | $11M |
| Short-Term Debt | $6M |
| Deferred Revenue | $13M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $58M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $82M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $323.0K |
| TOTAL NON-CURRENT LIABILITIES | $86M |
| TOTAL LIABILITIES | $144M |
| Common Stock | $892.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$742M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $740M |
| Minority Interest | $0 |
| TOTAL EQUITY | $740M |
| TOTAL LIABILITIES & EQUITY | $884M |
| Total Debt | $9M |
| Net Debt | -$784M |
