| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $22M | $7M | $10M | 198.9% | 114.8% |
| Op. Income | -$74M | -$81M | -$58M | 7.8% | -28.7% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -296.7% | -956.9% | -472.0% | 660.1pp | 175.3pp |
| EPS (Diluted) | $-0.82 | $-0.88 | $-0.69 | 6.8% | -18.8% |
| Free Cash Flow | -$80M | -$63M | -$47M | -26.9% | -69.4% |
| Item | Amount |
|---|---|
| REVENUE | $22M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $22M |
| R&D Expenses | $80M |
| Selling & Marketing | $0 |
| General & Administrative | $16M |
| SG&A Expenses | $16M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $97M |
| OPERATING INCOME | -$74M |
| Interest Income | $9M |
| Interest Expense | $72.0K |
| Other Income/Expenses | $9M |
| INCOME BEFORE TAX | -$66M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$66M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$66M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$66M |
| D&A | $2M |
| EBIT | -$66M |
| EBITDA | -$63M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$66M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$27M |
| OPERATING CASH FLOW | -$79M |
| Capital Expenditure | -$467.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$84M |
| Sales/Maturities of Investments | $130M |
| Other Investing Activities | $3M |
| NET CASH FROM INVESTING | $49M |
| Net Debt Issuance | -$277.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $258.0K |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | -$30M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $90M |
| Short-Term Investments | $373M |
| Net Receivables | $20M |
| Inventory | $0 |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $501M |
| PP&E (Net) | $96M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $312M |
| Tax Assets | $0 |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $417M |
| TOTAL ASSETS | $918M |
| Account Payables | $10M |
| Short-Term Debt | $0 |
| Deferred Revenue | $11M |
| Other Current Liabilities | $893.0K |
| TOTAL CURRENT LIABILITIES | $59M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $132M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $1.6B |
| Retained Earnings | -$820M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $786M |
| Minority Interest | $0 |
| TOTAL EQUITY | $786M |
| TOTAL LIABILITIES & EQUITY | $918M |
| Total Debt | $86M |
| Net Debt | -$4M |
