| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $695.0K | $1M | $156.0K | -40.9% | 345.5% |
| Op. Income | -$63M | -$56M | -$41M | -12.0% | -54.5% |
| Gross Margin | 100.0% | 30.3% | -396.8% | 69.7pp | 496.8pp |
| Net Margin | -7740.4% | -4007.8% | -21030.8% | -3732.6pp | 13290.3pp |
| EPS (Diluted) | $-0.81 | $-0.71 | $-0.56 | -14.1% | -44.6% |
| Free Cash Flow | -$55M | -$33M | -$41M | -64.4% | -33.3% |
| Item | Amount |
|---|---|
| REVENUE | $695.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $695.0K |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $63M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$63M |
| Interest Income | $9M |
| Interest Expense | $0 |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$54M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$54M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$54M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$54M |
| D&A | $867.0K |
| EBIT | -$63M |
| EBITDA | -$62M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$54M |
| Depreciation & Amortization | $867.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$54M |
| Capital Expenditure | -$265.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$152M |
| Sales/Maturities of Investments | $195M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $43M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $202.0K |
| FREE CASH FLOW | -$55M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $17M |
| Short-Term Investments | $656M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $19M |
| TOTAL CURRENT ASSETS | $694M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $27M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $10M |
| TOTAL NON-CURRENT ASSETS | $46M |
| TOTAL ASSETS | $739M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $32M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $3M |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $66.0K |
| Additional Paid-In Capital | $2.3B |
| Retained Earnings | -$1.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $703M |
| Minority Interest | $0 |
| TOTAL EQUITY | $703M |
| TOTAL LIABILITIES & EQUITY | $739M |
| Total Debt | $3M |
| Net Debt | -$14M |
