| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $517.0K | $7M | $0 | -92.8% | — |
| Op. Income | -$23M | -$28M | -$27M | 17.5% | 12.8% |
| Gross Margin | -282.8% | 50.0% | — | -332.8pp | — |
| Net Margin | 7570.4% | -289.7% | — | 7860.1pp | — |
| EPS (Diluted) | $0.28 | $-0.16 | $-0.29 | 275.0% | 196.6% |
| Free Cash Flow | -$29M | -$27M | -$28M | -8.2% | -3.9% |
| Item | Amount |
|---|---|
| REVENUE | $517.0K |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | -$2M |
| Operating Expenses | $22M |
| Cost & Expenses | $24M |
| OPERATING INCOME | -$23M |
| Interest Income | $662.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $62M |
| INCOME BEFORE TAX | $39M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $39M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $39M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $37M |
| D&A | $2M |
| EBIT | $42M |
| EBITDA | $44M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $39M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$62M |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$29M |
| Capital Expenditure | -$228.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$228.0K |
| Net Debt Issuance | -$687.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $426.0K |
| NET CASH FROM FINANCING | $47M |
| FREE CASH FLOW | -$29M |
| Net Change in Cash | $18M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $0 |
| Net Receivables | $488.0K |
| Inventory | $8M |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $74M |
| PP&E (Net) | $37M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $51M |
| TOTAL NON-CURRENT ASSETS | $89M |
| TOTAL ASSETS | $163M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $20M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $94M |
| TOTAL NON-CURRENT LIABILITIES | $106M |
| TOTAL LIABILITIES | $127M |
| Common Stock | $16.0K |
| Additional Paid-In Capital | $683M |
| Retained Earnings | -$647M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $36M |
| Minority Interest | $0 |
| TOTAL EQUITY | $36M |
| TOTAL LIABILITIES & EQUITY | $163M |
| Total Debt | $16M |
| Net Debt | -$47M |
