| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $48M | $44M | $38M | 10.2% | 27.3% |
| Op. Income | -$89M | -$104M | -$178M | 14.1% | 50.0% |
| Gross Margin | 75.1% | 78.1% | 75.7% | -3.0pp | -0.7pp |
| Net Margin | -188.2% | -245.2% | -437.3% | 57.0pp | 249.0pp |
| EPS (Diluted) | $-1.68 | $-2.07 | $-3.32 | 18.8% | 49.4% |
| Free Cash Flow | -$59M | -$56M | -$96M | -5.3% | 38.4% |
| Item | Amount |
|---|---|
| REVENUE | $48M |
| Cost of Revenue | $12M |
| GROSS PROFIT | $36M |
| R&D Expenses | $71M |
| Selling & Marketing | $0 |
| General & Administrative | $49M |
| SG&A Expenses | $49M |
| Other Expenses | $5M |
| Operating Expenses | $125M |
| Cost & Expenses | $137M |
| OPERATING INCOME | -$89M |
| Interest Income | $6M |
| Interest Expense | $0 |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$91M |
| Income Tax Expense | $88.0K |
| Net Income from Continuing Ops | -$91M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$91M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$91M |
| D&A | $15M |
| EBIT | -$84M |
| EBITDA | -$68M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$91M |
| Depreciation & Amortization | $15M |
| Stock-Based Compensation | $20M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $15M |
| Change in Working Capital | -$12M |
| OPERATING CASH FLOW | -$52M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$191M |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $120.0K |
| NET CASH FROM INVESTING | -$199M |
| Net Debt Issuance | -$207.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$207.0K |
| FREE CASH FLOW | -$59M |
| Net Change in Cash | -$250M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $312M |
| Short-Term Investments | $205M |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $20M |
| TOTAL CURRENT ASSETS | $565M |
| PP&E (Net) | $581M |
| Goodwill | $0 |
| Intangible Assets | $69M |
| Long-Term Investments | $32M |
| Tax Assets | $0 |
| Other Non-Current Assets | $47M |
| TOTAL NON-CURRENT ASSETS | $729M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $34M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $116M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $80M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $15M |
| TOTAL NON-CURRENT LIABILITIES | $530M |
| TOTAL LIABILITIES | $646M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $6.6B |
| Retained Earnings | -$5.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$850.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $647M |
| Minority Interest | $0 |
| TOTAL EQUITY | $647M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $435M |
| Net Debt | $122M |
