| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $5M | — | $7M | — | -20.9% |
| Op. Income | -$5M | — | -$5M | — | -8.0% |
| Gross Margin | 2.5% | — | 7.3% | — | -4.7pp |
| Net Margin | -90.9% | — | -68.5% | — | -22.4pp |
| EPS (Diluted) | $-0.21 | — | $-0.21 | — | 0.0% |
| Free Cash Flow | -$4M | — | -$2M | — | -133.6% |
| Item | Amount |
|---|---|
| REVENUE | $5M |
| Cost of Revenue | $5M |
| GROSS PROFIT | $132.0K |
| R&D Expenses | $787.0K |
| Selling & Marketing | $1M |
| General & Administrative | $3M |
| SG&A Expenses | $5M |
| Other Expenses | $260.0K |
| Operating Expenses | $6M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$5M |
| Interest Income | $1M |
| Interest Expense | $0 |
| Other Income/Expenses | $682.0K |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $3.0K |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $653.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $653.0K |
| Stock-Based Compensation | $796.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $238.0K |
| Change in Working Capital | -$178.0K |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$301.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$301.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$169.0K |
| NET CASH FROM FINANCING | -$169.0K |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | -$3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $8M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $348.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $492.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $159M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $695.0K |
| TOTAL CURRENT LIABILITIES | $7M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $986.0K |
| TOTAL LIABILITIES | $8M |
| Common Stock | $26.0K |
| Additional Paid-In Capital | $510M |
| Retained Earnings | -$345M |
| Treasury Stock | -$17M |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $150M |
| Minority Interest | $0 |
| TOTAL EQUITY | $150M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $2M |
| Net Debt | -$131M |
