| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $85M | $61M | $1M | 40.0% | 7882.0% |
| Op. Income | $44M | $13M | -$35M | 238.6% | 226.0% |
| Gross Margin | 100.0% | 100.0% | -78.3% | 0.0pp | 178.3pp |
| Net Margin | 55.2% | 22.2% | -3004.5% | 33.0pp | 3059.7pp |
| EPS (Diluted) | $0.57 | $0.22 | $-0.53 | 159.1% | 207.5% |
| Free Cash Flow | -$47M | $129M | -$40M | -136.6% | -19.0% |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $85M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $44M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $822.0K |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $2M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $85M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $85M |
| R&D Expenses | $32M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | $44M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | $822.0K |
| Net Income from Continuing Ops | $47M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $47M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $47M |
| D&A | $2M |
| EBIT | $44M |
| EBITDA | $46M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $47M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$99M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$138M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$100M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $14.0K |
| FREE CASH FLOW | -$47M |
| Net Change in Cash | -$146M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $79M |
| Short-Term Investments | $248M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $332M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $61M |
| TOTAL ASSETS | $393M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $33M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $17M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $4M |
| TOTAL NON-CURRENT LIABILITIES | $59M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $670M |
| Retained Earnings | -$392M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $275M |
| Minority Interest | $0 |
| TOTAL EQUITY | $275M |
| TOTAL LIABILITIES & EQUITY | $393M |
| Total Debt | $42M |
| Net Debt | -$37M |
