| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $4M | — | 75.4% | — |
| Op. Income | -$79M | -$76M | — | -3.5% | — |
| Gross Margin | 81.2% | -43.6% | — | 124.8pp | — |
| Net Margin | -1019.6% | -1722.8% | — | 703.3pp | — |
| EPS (Diluted) | $-2.00 | $-0.39 | — | -412.8% | — |
| Free Cash Flow | -$64M | -$79M | — | 19.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $6M |
| R&D Expenses | $58M |
| Selling & Marketing | $32.5K |
| General & Administrative | $27M |
| SG&A Expenses | $27M |
| Other Expenses | $0 |
| Operating Expenses | $85M |
| Cost & Expenses | $86M |
| OPERATING INCOME | -$79M |
| Interest Income | -$515.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$515.0K |
| INCOME BEFORE TAX | -$79M |
| Income Tax Expense | $163.5K |
| Net Income from Continuing Ops | -$79M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$79M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$92M |
| D&A | $5M |
| EBIT | -$79M |
| EBITDA | -$73M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$79M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $8M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$57M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $465.0K |
| NET CASH FROM INVESTING | -$6M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$64M |
| Net Change in Cash | $0 |
