| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $78M | — | $144M | — | -46.0% |
| Op. Income | -$17M | — | $44M | — | -139.1% |
| Gross Margin | 8.3% | — | 15.0% | — | -6.7pp |
| Net Margin | -21.6% | — | 24.4% | — | -46.1pp |
| EPS (Diluted) | $-0.10 | — | $0.22 | — | -145.5% |
| Free Cash Flow | $0 | $0 | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $78M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $6M |
| R&D Expenses | $364.0K |
| Selling & Marketing | $460.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $21M |
| Operating Expenses | $24M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$17M |
| Interest Income | $495.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$1M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $0 |
| EBIT | -$16M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $124.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $17M |
| 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 | $21M |
| Short-Term Investments | $0 |
| Net Receivables | $47M |
| Inventory | $206.0K |
| Other Current Assets | $137M |
| TOTAL CURRENT ASSETS | $234M |
| PP&E (Net) | $78M |
| Goodwill | $6M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $10M |
| Other Non-Current Assets | $56M |
| TOTAL NON-CURRENT ASSETS | $150M |
| TOTAL ASSETS | $384M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $32M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $40M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $14M |
| Other Non-Current Liabilities | $101M |
| TOTAL NON-CURRENT LIABILITIES | $156M |
| TOTAL LIABILITIES | $233M |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $0 |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $151M |
| TOTAL STOCKHOLDERS' EQUITY | $151M |
| Minority Interest | $0 |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $384M |
| Total Debt | $40M |
| Net Debt | $19M |
