| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $49M | $74M | $715.0K | -33.1% | 6798.5% |
| Op. Income | -$121M | -$87M | -$118M | -40.0% | -3.0% |
| Gross Margin | -0.8% | 38.2% | -915.5% | -39.0pp | 914.7pp |
| Net Margin | -235.5% | -106.6% | -15800.8% | -128.9pp | 15565.3pp |
| EPS (Diluted) | $-0.36 | $-0.26 | $-0.42 | -38.5% | 14.3% |
| Free Cash Flow | -$110M | -$77M | -$126M | -41.9% | 13.1% |
| Item | Amount |
|---|---|
| REVENUE | $49M |
| Cost of Revenue | $50M |
| GROSS PROFIT | -$417.0K |
| R&D Expenses | $77M |
| Selling & Marketing | $33M |
| General & Administrative | $11M |
| SG&A Expenses | $44M |
| Other Expenses | $0 |
| Operating Expenses | $121M |
| Cost & Expenses | $171M |
| OPERATING INCOME | -$121M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$118M |
| Income Tax Expense | -$2M |
| Net Income from Continuing Ops | -$116M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$116M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$116M |
| D&A | $11M |
| EBIT | -$118M |
| EBITDA | -$107M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$116M |
| Depreciation & Amortization | $11M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | -$2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$18M |
| OPERATING CASH FLOW | -$104M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$98M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $16M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | $143M |
| FREE CASH FLOW | -$110M |
| Net Change in Cash | $56M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $172M |
| Short-Term Investments | $188M |
| Net Receivables | $71M |
| Inventory | $66M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $513M |
| PP&E (Net) | $162M |
| Goodwill | $0 |
| Intangible Assets | $285M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $454M |
| TOTAL ASSETS | $967M |
| Account Payables | $28M |
| Short-Term Debt | $1M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $123M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $32M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $76M |
| TOTAL LIABILITIES | $199M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $768M |
| Minority Interest | $0 |
| TOTAL EQUITY | $768M |
| TOTAL LIABILITIES & EQUITY | $967M |
| Total Debt | $54M |
| Net Debt | -$118M |
