| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $100.0K | $0 | -100.0% | — |
| Op. Income | -$43M | -$50M | -$74M | 14.1% | 41.9% |
| EPS (Diluted) | $-2.80 | $-3.31 | $-1.44 | 15.4% | -94.4% |
| Free Cash Flow | -$36M | -$44M | -$64M | 17.9% | 44.0% |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $675.0K |
| GROSS PROFIT | -$675.0K |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $6M |
| SG&A Expenses | $6M |
| Other Expenses | -$675.0K |
| Operating Expenses | $42M |
| Cost & Expenses | $43M |
| OPERATING INCOME | -$43M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | -$410.0K |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$43M |
| D&A | $675.0K |
| EBIT | -$41M |
| EBITDA | -$40M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$43M |
| Depreciation & Amortization | $675.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $967.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$36M |
| Capital Expenditure | -$21.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$21.0K |
| Net Debt Issuance | $100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$125.0K |
| NET CASH FROM FINANCING | $100M |
| FREE CASH FLOW | -$36M |
| Net Change in Cash | $64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $0 |
| Net Receivables | $214.0K |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $223M |
| PP&E (Net) | $12M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $19M |
| TOTAL ASSETS | $243M |
| Account Payables | $9M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $99M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $105M |
| TOTAL LIABILITIES | $148M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $244M |
| Retained Earnings | -$149M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $94M |
| Minority Interest | $0 |
| TOTAL EQUITY | $94M |
| TOTAL LIABILITIES & EQUITY | $243M |
| Total Debt | $107M |
| Net Debt | -$110M |
