| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $65.3K | $117.0K | $0 | -44.1% | — |
| Op. Income | -$25M | -$20M | -$31M | -23.0% | 20.4% |
| Gross Margin | 100.0% | -563.1% | — | 663.1pp | — |
| Net Margin | -30140.5% | -16566.4% | — | -13574.1pp | — |
| EPS (Diluted) | $-725.11 | $-0.70 | $-1.31 | -103487.1% | -55251.9% |
| Free Cash Flow | -$27M | -$20M | -$29M | -37.0% | 6.5% |
| Item | Amount |
|---|---|
| REVENUE | $65.3K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $65.3K |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$25M |
| Interest Income | $808.1K |
| Interest Expense | $0 |
| Other Income/Expenses | $5M |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $743.5K |
| EBIT | -$20M |
| EBITDA | -$19M |
| EPS | -$1 |
| EPS Diluted | -$725 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $743.5K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$5M |
| OPERATING CASH FLOW | -$27M |
| Capital Expenditure | -$59.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $7.6K |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$51.8K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$74.2K |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $28M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $72M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $2M |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $87M |
| Account Payables | $6M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $27M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $9M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $36.7K |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.7B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$661.3K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $87M |
| Total Debt | $11M |
| Net Debt | -$29M |
