| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $83M | — | $35M | — | 136.3% |
| Op. Income | -$38M | — | -$68M | — | 44.6% |
| Gross Margin | 0.8% | — | -106.4% | — | 107.2pp |
| Net Margin | -104.4% | — | -112.3% | — | 7.8pp |
| EPS (Diluted) | $-0.27 | — | $-0.16 | — | -68.8% |
| Free Cash Flow | $0 | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $83M |
| Cost of Revenue | $82M |
| GROSS PROFIT | $646.0K |
| R&D Expenses | $19M |
| Selling & Marketing | $3M |
| General & Administrative | $17M |
| SG&A Expenses | $20M |
| Other Expenses | -$516.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $120M |
| OPERATING INCOME | -$38M |
| Interest Income | $57.0K |
| Interest Expense | $351.0K |
| Other Income/Expenses | -$48M |
| INCOME BEFORE TAX | -$86M |
| Income Tax Expense | $705.0K |
| Net Income from Continuing Ops | -$86M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$86M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$86M |
| D&A | $8M |
| EBIT | -$85M |
| EBITDA | -$78M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$86M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $79M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | $0 |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | $0 |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $97M |
| Short-Term Investments | $0 |
| Net Receivables | $63M |
| Inventory | $114M |
| Other Current Assets | $162M |
| TOTAL CURRENT ASSETS | $435M |
| PP&E (Net) | $44M |
| Goodwill | $0 |
| Intangible Assets | $848.0K |
| Long-Term Investments | $3M |
| Tax Assets | $295.0K |
| Other Non-Current Assets | $82M |
| TOTAL NON-CURRENT ASSETS | $130M |
| TOTAL ASSETS | $566M |
| Account Payables | $16M |
| Short-Term Debt | $208M |
| Deferred Revenue | $18M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $290M |
| Long-Term Debt | $21M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $144.0K |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $31M |
| TOTAL LIABILITIES | $321M |
| Common Stock | $0 |
| Additional Paid-In Capital | $882M |
| Retained Earnings | -$537M |
| Treasury Stock | -$57M |
| Accum. Other Comp. Income | -$44M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $245M |
| Minority Interest | $0 |
| TOTAL EQUITY | $245M |
| TOTAL LIABILITIES & EQUITY | $566M |
| Total Debt | $231M |
| Net Debt | $134M |
