| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $109M | $4M | $855.0K | 2516.0% | 12667.7% |
| Op. Income | $74M | -$37M | -$31M | 298.9% | 336.9% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | 70.1% | -864.4% | -3282.1% | 934.6pp | 3352.2pp |
| EPS (Diluted) | $0.89 | $-0.46 | $-0.45 | 293.5% | 297.8% |
| Free Cash Flow | -$35M | -$24M | -$31M | -42.0% | -12.5% |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $109M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $74M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $3M |
| EBIT | $74M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $109M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $109M |
| R&D Expenses | $27M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $35M |
| OPERATING INCOME | $74M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | $77M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $77M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $77M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $77M |
| D&A | $3M |
| EBIT | $74M |
| EBITDA | $77M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $77M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$618.0K |
| Change in Working Capital | -$116M |
| OPERATING CASH FLOW | -$35M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$15M |
| Other Investing Activities | $43M |
| NET CASH FROM INVESTING | $28M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $120.0K |
| FREE CASH FLOW | -$35M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $113M |
| Net Receivables | $983.0K |
| Inventory | $0 |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $170M |
| PP&E (Net) | $88M |
| Goodwill | $0 |
| Intangible Assets | $34M |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $526.0K |
| TOTAL NON-CURRENT ASSETS | $146M |
| TOTAL ASSETS | $316M |
| Account Payables | $4M |
| Short-Term Debt | $5M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $4M |
| Other Non-Current Liabilities | $9M |
| TOTAL NON-CURRENT LIABILITIES | $61M |
| TOTAL LIABILITIES | $75M |
| Common Stock | $9.0K |
| Additional Paid-In Capital | $946M |
| Retained Earnings | -$706M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $305.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $240M |
| Minority Interest | $0 |
| TOTAL EQUITY | $240M |
| TOTAL LIABILITIES & EQUITY | $316M |
| Total Debt | $53M |
| Net Debt | $810.0K |
