| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109.0K | $151.0K | $205.0K | -27.8% | -46.8% |
| Op. Income | -$14M | -$13M | -$11M | -14.4% | -31.5% |
| Gross Margin | 100.0% | 100.0% | 50.2% | 0.0pp | 49.8pp |
| Net Margin | -12324.8% | -7806.0% | -4883.4% | -4518.8pp | -7441.4pp |
| EPS (Diluted) | $-0.28 | $-0.25 | $-0.22 | -12.0% | -27.3% |
| Free Cash Flow | -$13M | -$10M | -$8M | -24.6% | -63.6% |
| Item | Amount |
|---|---|
| REVENUE | $109.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $109.0K |
| R&D Expenses | $10M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $14M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$14M |
| Interest Income | $941.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $948.0K |
| 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 | $228.0K |
| EBIT | -$14M |
| EBITDA | -$14M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$13M |
| Depreciation & Amortization | $228.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$137.0K |
| Change in Working Capital | -$816.0K |
| OPERATING CASH FLOW | -$13M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$35M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | -$902.0K |
| NET CASH FROM INVESTING | -$15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $3.0K |
| FREE CASH FLOW | -$13M |
| Net Change in Cash | -$27M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $24M |
| Short-Term Investments | $56M |
| Net Receivables | $405.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $83M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $257.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $85M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $640.0K |
| TOTAL LIABILITIES | $14M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $468M |
| Retained Earnings | -$398M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $27.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $71M |
| Minority Interest | $0 |
| TOTAL EQUITY | $71M |
| TOTAL LIABILITIES & EQUITY | $85M |
| Total Debt | $1M |
| Net Debt | -$23M |
