| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $13M | $5M | -16.2% | 135.3% |
| Op. Income | -$14M | -$11M | -$21M | -32.8% | 32.1% |
| Gross Margin | 81.1% | 80.2% | 48.2% | 0.9pp | 32.9pp |
| Net Margin | -170.1% | 46.6% | 124.6% | -216.7pp | -294.8pp |
| EPS (Diluted) | $-0.18 | $0.06 | $0.05 | -404.1% | -429.1% |
| Free Cash Flow | -$18M | -$2M | -$24M | -879.6% | 25.5% |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $9M |
| R&D Expenses | $22M |
| Selling & Marketing | $0 |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | -$1M |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$14M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$18M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$18M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$18M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$18M |
| D&A | $5M |
| EBIT | -$16M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$18M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $976.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $6M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$395.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$5M |
| Sales/Maturities of Investments | $10M |
| Other Investing Activities | $1.0K |
| NET CASH FROM INVESTING | $4M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$151.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$18M |
| Net Change in Cash | -$16M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $128M |
| Short-Term Investments | $114M |
| Net Receivables | $26M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $272M |
| PP&E (Net) | $73M |
| Goodwill | $0 |
| Intangible Assets | $242.0K |
| Long-Term Investments | $2M |
| Tax Assets | $382.0K |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $364M |
| Account Payables | $17M |
| Short-Term Debt | $5M |
| Deferred Revenue | $113M |
| Other Current Liabilities | $14M |
| TOTAL CURRENT LIABILITIES | $163M |
| Long-Term Debt | $46M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6M |
| TOTAL NON-CURRENT LIABILITIES | $85M |
| TOTAL LIABILITIES | $248M |
| Common Stock | $6M |
| Additional Paid-In Capital | $495M |
| Retained Earnings | -$348M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$37M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $116M |
| Minority Interest | $0 |
| TOTAL EQUITY | $116M |
| TOTAL LIABILITIES & EQUITY | $364M |
| Total Debt | $92M |
| Net Debt | -$36M |
