| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $24M | $9M | -84.4% | -58.1% |
| Op. Income | -$14M | -$9M | -$10M | -49.0% | -34.9% |
| Gross Margin | 62.4% | 60.7% | 61.9% | 1.8pp | 0.6pp |
| Net Margin | -299.3% | -28.5% | -102.6% | -270.7pp | -196.7pp |
| EPS (Diluted) | $-0.32 | $-0.19 | $-0.15 | -63.6% | -116.0% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $16M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$14M |
| Interest Income | $2M |
| Interest Expense | $168.5K |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $146 |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $1 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $0 |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $5M |
| 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 | $56M |
| Short-Term Investments | $102M |
| Net Receivables | $4M |
| Inventory | $16M |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $190M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $383.4K |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $234M |
| Account Payables | $21M |
| Short-Term Debt | $16M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $71M |
| Long-Term Debt | $9M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $42.7K |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $28M |
| TOTAL LIABILITIES | $99M |
| Common Stock | $13.2K |
| Additional Paid-In Capital | $434M |
| Retained Earnings | -$301M |
| Treasury Stock | -$1M |
| Accum. Other Comp. Income | $4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $135M |
| Minority Interest | -$19.7K |
| TOTAL EQUITY | $135M |
| TOTAL LIABILITIES & EQUITY | $234M |
| Total Debt | $45M |
| Net Debt | -$11M |
