| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | — | $422.0K | — | 248.6% |
| Op. Income | -$19M | — | -$17M | — | -9.1% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -8714.1% | — | -4264.9% | — | -4449.2pp |
| EPS (Diluted) | $-0.71 | — | $-0.10 | — | -615.0% |
| Free Cash Flow | -$19M | — | -$9M | — | -106.5% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $1M |
| R&D Expenses | $10M |
| Selling & Marketing | $5M |
| General & Administrative | $5M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $20M |
| Cost & Expenses | $20M |
| OPERATING INCOME | -$19M |
| Interest Income | $169.0K |
| Interest Expense | $1M |
| Other Income/Expenses | -$110M |
| INCOME BEFORE TAX | -$128M |
| Income Tax Expense | $1.0K |
| Net Income from Continuing Ops | -$128M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$128M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$128M |
| D&A | $532.0K |
| EBIT | -$127M |
| EBITDA | -$126M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$128M |
| Depreciation & Amortization | $532.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $109M |
| Change in Working Capital | -$26.0K |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $22M |
| NET CASH FROM FINANCING | $20M |
| FREE CASH FLOW | -$19M |
| Net Change in Cash | $958.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $18M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $20M |
| PP&E (Net) | $15M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $37M |
| Account Payables | $3M |
| Short-Term Debt | $26M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $8M |
| TOTAL CURRENT LIABILITIES | $40M |
| Long-Term Debt | $7M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $362M |
| TOTAL NON-CURRENT LIABILITIES | $374M |
| TOTAL LIABILITIES | $414M |
| Common Stock | $0 |
| Additional Paid-In Capital | $20M |
| Retained Earnings | -$396M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$377M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$377M |
| TOTAL LIABILITIES & EQUITY | $37M |
| Total Debt | $39M |
| Net Debt | $22M |
