| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $66M | $36M | -67.0% | -39.0% |
| Op. Income | -$41M | $1M | -$16M | -4017.4% | -160.9% |
| Gross Margin | 100.0% | 100.0% | -5.5% | 0.0pp | 105.5pp |
| Net Margin | -214.5% | 79.8% | -10.1% | -294.2pp | -204.4pp |
| EPS (Diluted) | $-0.39 | $0.54 | $-0.04 | -171.7% | -961.1% |
| Free Cash Flow | -$44M | -$70M | -$49M | 38.0% | 11.1% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $22M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$22.2K |
| Operating Expenses | $63M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$41M |
| Interest Income | $6M |
| Interest Expense | $291.1K |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | -$1M |
| 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 | $4M |
| EBIT | -$47M |
| EBITDA | -$44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$47M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$40M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$302M |
| Sales/Maturities of Investments | $361M |
| Other Investing Activities | -$15.2K |
| NET CASH FROM INVESTING | $55M |
| Net Debt Issuance | -$861.7K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$861.7K |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $284M |
| Short-Term Investments | $352M |
| Net Receivables | $8M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $671M |
| PP&E (Net) | $76M |
| Goodwill | $0 |
| Intangible Assets | $2M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $80M |
| TOTAL ASSETS | $750M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $30M |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $34M |
| Deferred Tax Liabilities | $6M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $58M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.4B |
| Retained Earnings | -$736M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $627M |
| Minority Interest | $0 |
| TOTAL EQUITY | $627M |
| TOTAL LIABILITIES & EQUITY | $750M |
| Total Debt | $21M |
| Net Debt | -$262M |
