| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $3M | $1M | 6.9% | 184.4% |
| Op. Income | -$45M | -$83M | -$132M | 46.2% | 66.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1423.1% | -2930.9% | -12584.3% | 1507.8pp | 11161.2pp |
| EPS (Diluted) | $-0.52 | $-1.28 | $-12.56 | 59.4% | 95.9% |
| Free Cash Flow | -$57M | -$43M | -$13M | -30.6% | -325.4% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $3M |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $11M |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$45M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$42M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$42M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$42M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$42M |
| D&A | $726.0K |
| EBIT | -$45M |
| EBITDA | -$44M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$42M |
| Depreciation & Amortization | $726.0K |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$818.0K |
| Change in Working Capital | -$17M |
| OPERATING CASH FLOW | -$53M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | -$6M |
| NET CASH FROM INVESTING | $5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $162M |
| FREE CASH FLOW | -$57M |
| Net Change in Cash | $114M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $258M |
| Short-Term Investments | $60M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $323M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $20M |
| TOTAL ASSETS | $343M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $31M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $865M |
| Retained Earnings | -$557M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $307M |
| Minority Interest | $0 |
| TOTAL EQUITY | $307M |
| TOTAL LIABILITIES & EQUITY | $343M |
| Total Debt | $5M |
| Net Debt | -$253M |
