| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $0 | $0 | — | — |
| Op. Income | -$16M | -$25M | -$13M | 35.2% | -28.4% |
| Gross Margin | 100.0% | — | — | — | — |
| Net Margin | -891.0% | — | — | — | — |
| EPS (Diluted) | $-0.36 | $-1.97 | $-1.74 | 81.7% | 79.3% |
| Free Cash Flow | -$18M | -$5M | -$16M | -244.5% | -13.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$16M |
| Interest Income | $4M |
| Interest Expense | $255.0K |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$13M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$13M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$13M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$13M |
| D&A | $37.0K |
| EBIT | -$13M |
| EBITDA | -$13M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $37.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $111.0K |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$426.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$78M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$78M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$97M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $257M |
| Short-Term Investments | $63M |
| Net Receivables | $361.0K |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $325M |
| PP&E (Net) | $4M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $15M |
| Tax Assets | $0 |
| Other Non-Current Assets | $239.0K |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $344M |
| Account Payables | $4M |
| Short-Term Debt | $6M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $558.0K |
| TOTAL CURRENT LIABILITIES | $24M |
| Long-Term Debt | $1M |
| Deferred Revenue NC | $3M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $97.0K |
| TOTAL NON-CURRENT LIABILITIES | $7M |
| TOTAL LIABILITIES | $31M |
| Common Stock | $0 |
| Additional Paid-In Capital | $579M |
| Retained Earnings | -$266M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $264.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $313M |
| Minority Interest | $0 |
| TOTAL EQUITY | $313M |
| TOTAL LIABILITIES & EQUITY | $344M |
| Total Debt | $10M |
| Net Debt | -$247M |
