| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $88M | $88M | $73M | -0.7% | 20.1% |
| Op. Income | -$186M | -$73M | -$39M | -153.0% | -379.0% |
| Gross Margin | 81.7% | -49.6% | 95.9% | 131.3pp | -14.2pp |
| Net Margin | -204.6% | 33.5% | 144.5% | -238.1pp | -349.1pp |
| EPS (Diluted) | $-2.72 | $0.34 | $1.60 | -903.4% | -270.1% |
| Free Cash Flow | -$51M | -$76M | -$150M | 32.3% | 65.9% |
| Item | Amount |
|---|---|
| REVENUE | $88M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $72M |
| R&D Expenses | $214M |
| Selling & Marketing | $5M |
| General & Administrative | $46M |
| SG&A Expenses | $51M |
| Other Expenses | -$8M |
| Operating Expenses | $257M |
| Cost & Expenses | $273M |
| OPERATING INCOME | -$186M |
| Interest Income | $15M |
| Interest Expense | $912.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$183M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$181M |
| Net Income from Discontinued Ops | $1M |
| Other Adjustments | $0 |
| NET INCOME | -$179M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$179M |
| D&A | $0 |
| EBIT | -$186M |
| EBITDA | -$186M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$179M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $73M |
| Change in Working Capital | $61M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $37M |
| Purchases of Investments | -$398M |
| Sales/Maturities of Investments | $467M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $99M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$1M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $51M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $126M |
| Short-Term Investments | $3.7B |
| Net Receivables | $98M |
| Inventory | $45M |
| Other Current Assets | $62M |
| TOTAL CURRENT ASSETS | $4.1B |
| PP&E (Net) | $132M |
| Goodwill | $82M |
| Intangible Assets | $183M |
| Long-Term Investments | $59M |
| Tax Assets | $2M |
| Other Non-Current Assets | $185M |
| TOTAL NON-CURRENT ASSETS | $643M |
| TOTAL ASSETS | $4.7B |
| Account Payables | $198M |
| Short-Term Debt | $0 |
| Deferred Revenue | $270M |
| Other Current Liabilities | $40M |
| TOTAL CURRENT LIABILITIES | $511M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $914M |
| Deferred Tax Liabilities | $22M |
| Other Non-Current Liabilities | $34M |
| TOTAL NON-CURRENT LIABILITIES | $979M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $344M |
| Additional Paid-In Capital | $3.2B |
| Retained Earnings | -$328M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3.2B |
| Minority Interest | $0 |
| TOTAL EQUITY | $3.2B |
| TOTAL LIABILITIES & EQUITY | $4.7B |
| Total Debt | $13M |
| Net Debt | -$114M |
