| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $67M | — | $50M | — | 32.9% |
| Op. Income | -$32M | — | -$24M | — | -36.5% |
| Gross Margin | -0.8% | — | -21.2% | — | 20.4pp |
| Net Margin | -53.7% | — | -11.9% | — | -41.8pp |
| EPS (Diluted) | $-0.07 | — | $-0.02 | — | -307.4% |
| Free Cash Flow | -$66M | — | -$109M | — | 39.2% |
| Item | Amount |
|---|---|
| REVENUE | $67M |
| Cost of Revenue | $67M |
| GROSS PROFIT | -$542.0K |
| R&D Expenses | $0 |
| Selling & Marketing | $118.0K |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $12M |
| Operating Expenses | $32M |
| Cost & Expenses | $99M |
| OPERATING INCOME | -$32M |
| Interest Income | $947.1K |
| Interest Expense | $643.1K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$30M |
| Income Tax Expense | $6M |
| Net Income from Continuing Ops | -$36M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$36M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$36M |
| D&A | $30M |
| EBIT | -$30M |
| EBITDA | $89.0K |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$36M |
| Depreciation & Amortization | $30M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $6M |
| Other Non-Cash Items | -$50M |
| Change in Working Capital | $28M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | -$16M |
| Purchases of Investments | -$37M |
| Sales/Maturities of Investments | $73M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | -$303.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $23M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | -$21M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $94M |
| Net Receivables | $33M |
| Inventory | $5M |
| Other Current Assets | $44M |
| TOTAL CURRENT ASSETS | $224M |
| PP&E (Net) | $535M |
| Goodwill | $0 |
| Intangible Assets | $4M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $14M |
| TOTAL NON-CURRENT ASSETS | $553M |
| TOTAL ASSETS | $777M |
| Account Payables | $44M |
| Short-Term Debt | $520.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $85M |
| Long-Term Debt | $2M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $65.0K |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $27M |
| TOTAL LIABILITIES | $112M |
| Common Stock | $942M |
| Additional Paid-In Capital | $72M |
| Retained Earnings | -$367M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $11M |
| TOTAL STOCKHOLDERS' EQUITY | $665M |
| Minority Interest | $0 |
| TOTAL EQUITY | $665M |
| TOTAL LIABILITIES & EQUITY | $777M |
| Total Debt | $26M |
| Net Debt | -$13M |
