| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $93M | $104M | $76M | -11.1% | 22.9% |
| Op. Income | -$248M | -$230M | -$146M | -7.7% | -70.5% |
| Gross Margin | 77.1% | 75.0% | 76.9% | 2.1pp | 0.2pp |
| Net Margin | -276.4% | -225.5% | -208.1% | -50.9pp | -68.4pp |
| EPS (Diluted) | $-1.42 | $-1.32 | $-1.06 | -7.6% | -34.0% |
| Free Cash Flow | -$272M | -$203M | -$189M | -34.2% | -44.2% |
| Item | Amount |
|---|---|
| REVENUE | $93M |
| Cost of Revenue | $21M |
| GROSS PROFIT | $72M |
| R&D Expenses | $153M |
| Selling & Marketing | $0 |
| General & Administrative | $148M |
| SG&A Expenses | $148M |
| Other Expenses | $20M |
| Operating Expenses | $320M |
| Cost & Expenses | $341M |
| OPERATING INCOME | -$248M |
| Interest Income | $14M |
| Interest Expense | $22M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$256M |
| Income Tax Expense | $912.0K |
| Net Income from Continuing Ops | -$257M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$257M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$257M |
| D&A | $3M |
| EBIT | -$236M |
| EBITDA | -$233M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$257M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $39M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | -$262M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$631M |
| Sales/Maturities of Investments | $721M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $80M |
| Net Debt Issuance | -$706.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $29M |
| FREE CASH FLOW | -$272M |
| Net Change in Cash | -$152M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $403M |
| Short-Term Investments | $796M |
| Net Receivables | $48M |
| Inventory | $101M |
| Other Current Assets | $55M |
| TOTAL CURRENT ASSETS | $1.4B |
| PP&E (Net) | $117M |
| Goodwill | $136M |
| Intangible Assets | $57M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $90M |
| TOTAL NON-CURRENT ASSETS | $400M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $58M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $137M |
| TOTAL CURRENT LIABILITIES | $239M |
| Long-Term Debt | $1.3B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $165M |
| TOTAL NON-CURRENT LIABILITIES | $1.5B |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $2M |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$4.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$902.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $99M |
| Minority Interest | $0 |
| TOTAL EQUITY | $99M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $1.3B |
| Net Debt | $906M |
