| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $32M | $38M | $27M | -16.8% | 19.1% |
| Op. Income | -$154M | -$137M | -$227M | -12.2% | 32.5% |
| Gross Margin | -62.6% | -41.7% | -82.0% | -20.9pp | 19.4pp |
| Net Margin | -333.6% | -253.8% | -819.3% | -79.9pp | 485.6pp |
| EPS (Diluted) | $-3.10 | $-2.89 | $-7.05 | -7.3% | 56.0% |
| Free Cash Flow | -$95M | -$94M | -$210M | -1.4% | 54.7% |
| Item | Amount |
|---|---|
| REVENUE | $32M |
| Cost of Revenue | $52M |
| GROSS PROFIT | -$20M |
| R&D Expenses | $54M |
| Selling & Marketing | $35M |
| General & Administrative | $45M |
| SG&A Expenses | $80M |
| Other Expenses | $0 |
| Operating Expenses | $134M |
| Cost & Expenses | $185M |
| OPERATING INCOME | -$154M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $7M |
| INCOME BEFORE TAX | -$146M |
| Income Tax Expense | -$40M |
| Net Income from Continuing Ops | -$106M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$106M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$106M |
| D&A | $39M |
| EBIT | -$154M |
| EBITDA | -$114M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$106M |
| Depreciation & Amortization | $39M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | -$40M |
| Other Non-Cash Items | -$6M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$62.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$221M |
| Sales/Maturities of Investments | $235M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $15M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$95M |
| Net Change in Cash | -$80M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $134M |
| Short-Term Investments | $541M |
| Net Receivables | $19M |
| Inventory | $19M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $728M |
| PP&E (Net) | $127M |
| Goodwill | $0 |
| Intangible Assets | $2.0B |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $2.8B |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $23M |
| TOTAL CURRENT LIABILITIES | $75M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $305M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $359M |
| TOTAL LIABILITIES | $434M |
| Common Stock | $35.0K |
| Additional Paid-In Capital | $12.3B |
| Retained Earnings | -$9.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.4B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.4B |
| TOTAL LIABILITIES & EQUITY | $2.8B |
| Total Debt | $64M |
| Net Debt | -$70M |
