| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $211M | $3M | $83.0K | 6844.3% | 254413.3% |
| Op. Income | $152M | -$53M | -$48M | 385.5% | 413.6% |
| Gross Margin | 100.0% | 89.1% | 100.0% | 10.9pp | 0.0pp |
| Net Margin | 70.3% | -1513.0% | -51944.6% | 1583.3pp | 52014.9pp |
| EPS (Diluted) | $3.62 | $-1.14 | $-1.46 | 417.5% | 347.9% |
| Free Cash Flow | $161M | -$46M | -$46M | 446.9% | 452.9% |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $211M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $344.0K |
| EBIT | $152M |
| EBITDA | $152M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| REVENUE | $211M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $211M |
| R&D Expenses | $49M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $59M |
| Cost & Expenses | $59M |
| OPERATING INCOME | $152M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $158M |
| Income Tax Expense | $10M |
| Net Income from Continuing Ops | $148M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $148M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $148M |
| D&A | $344.0K |
| EBIT | $152M |
| EBITDA | $152M |
| EPS | $4 |
| EPS Diluted | $4 |
| Item | Amount |
|---|---|
| Net Income | $148M |
| Depreciation & Amortization | $344.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $584.0K |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | $161M |
| Capital Expenditure | -$565.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$565.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $4.0K |
| FREE CASH FLOW | $161M |
| Net Change in Cash | $161M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $721M |
| Short-Term Investments | $0 |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $760M |
| PP&E (Net) | $23M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $463.0K |
| TOTAL NON-CURRENT ASSETS | $25M |
| TOTAL ASSETS | $785M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $3M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $39M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $16M |
| TOTAL LIABILITIES | $56M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $1.1B |
| Retained Earnings | -$420M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $729M |
| Minority Interest | $0 |
| TOTAL EQUITY | $729M |
| TOTAL LIABILITIES & EQUITY | $785M |
| Total Debt | $18M |
| Net Debt | -$702M |
