| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $11M | $24M | — | -53.3% | — |
| Op. Income | -$10M | -$44M | — | 78.3% | — |
| Gross Margin | -20.9% | -75.8% | — | 54.9pp | — |
| Net Margin | -83.0% | -211.6% | — | 128.5pp | — |
| EPS (Diluted) | $-0.08 | $-1.09 | — | 92.7% | — |
| Free Cash Flow | -$15M | -$36M | — | 57.7% | — |
| Item | Amount |
|---|---|
| REVENUE | $11M |
| Cost of Revenue | $14M |
| GROSS PROFIT | -$2M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $7M |
| Cost & Expenses | $21M |
| OPERATING INCOME | -$10M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $300.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $0 |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $0 |
| EBIT | $0 |
| EBITDA | -$10M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $943.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | $0 |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$913.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$913.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $9M |
| NET CASH FROM FINANCING | $9M |
| FREE CASH FLOW | -$15M |
| Net Change in Cash | -$7M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $48M |
| Short-Term Investments | $0 |
| Net Receivables | $10M |
| Inventory | $4M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $66M |
| PP&E (Net) | $51M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $118M |
| Account Payables | $6M |
| Short-Term Debt | $4M |
| Deferred Revenue | $2M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $14M |
| Long-Term Debt | $34M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $34M |
| TOTAL LIABILITIES | $48M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$184M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.0K |
| Other Equity | $254M |
| TOTAL STOCKHOLDERS' EQUITY | $70M |
| Minority Interest | $0 |
| TOTAL EQUITY | $70M |
| TOTAL LIABILITIES & EQUITY | $118M |
| Total Debt | $38M |
| Net Debt | -$11M |
