| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $17M | $15M | $18M | 16.1% | -5.8% |
| Op. Income | -$24M | -$30M | -$35M | 21.1% | 32.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -131.4% | -197.3% | -185.6% | 65.9pp | 54.1pp |
| EPS (Diluted) | $-1.05 | $-1.36 | $-1.58 | 22.8% | 33.5% |
| Free Cash Flow | -$26M | -$19M | -$26M | -32.0% | 0.9% |
| Item | Amount |
|---|---|
| REVENUE | $17M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $17M |
| R&D Expenses | $28M |
| Selling & Marketing | $0 |
| General & Administrative | $13M |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$24M |
| Interest Income | $3M |
| Interest Expense | $2M |
| Other Income/Expenses | $837.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$416.0K |
| Net Income from Continuing Ops | -$22M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$22M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$22M |
| D&A | $889.0K |
| EBIT | -$21M |
| EBITDA | -$20M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$22M |
| Depreciation & Amortization | $889.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $113.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $78M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $69M |
| Net Debt Issuance | -$5M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$137.0K |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$26M |
| Net Change in Cash | $47M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $84M |
| Short-Term Investments | $132M |
| Net Receivables | $40M |
| Inventory | $0 |
| Other Current Assets | $11M |
| TOTAL CURRENT ASSETS | $268M |
| PP&E (Net) | $77M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $349M |
| Account Payables | $5M |
| Short-Term Debt | $33M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $49M |
| Long-Term Debt | $131M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $235.0K |
| TOTAL NON-CURRENT LIABILITIES | $188M |
| TOTAL LIABILITIES | $237M |
| Common Stock | $213.0K |
| Additional Paid-In Capital | $457M |
| Retained Earnings | -$345M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$29.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $112M |
| Minority Interest | $0 |
| TOTAL EQUITY | $112M |
| TOTAL LIABILITIES & EQUITY | $349M |
| Total Debt | $221M |
| Net Debt | $137M |
