| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | -$123M | $25M | 102.2% | -89.2% |
| Op. Income | -$15M | -$92M | -$49M | 83.7% | 69.7% |
| Gross Margin | 90.8% | 83.2% | -128.0% | 7.6pp | 218.8pp |
| Net Margin | 169.4% | -14.6% | -129.8% | 184.0pp | 299.2pp |
| EPS (Diluted) | $0.05 | $4.50 | $-0.33 | -98.9% | 115.2% |
| Free Cash Flow | $3M | -$31M | -$59M | 108.8% | 104.6% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $252.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $126.0K |
| Operating Expenses | $17M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$15M |
| Interest Income | $413.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $21M |
| Other Adjustments | $0 |
| NET INCOME | $5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $5M |
| D&A | $327.0K |
| EBIT | -$15M |
| EBITDA | -$14M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $5M |
| Depreciation & Amortization | $327.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $553.0K |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | $3M |
| Capital Expenditure | -$16.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16.0K |
| Net Debt Issuance | -$5.0K |
| Common Stock Repurchased | -$37.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | -$88.0K |
| FREE CASH FLOW | $3M |
| Net Change in Cash | $4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $34M |
| Short-Term Investments | $0 |
| Net Receivables | $147.0K |
| Inventory | $3M |
| Other Current Assets | $110M |
| TOTAL CURRENT ASSETS | $149M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $17M |
| TOTAL NON-CURRENT ASSETS | $17M |
| TOTAL ASSETS | $165M |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $73M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $115M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $78M |
| TOTAL NON-CURRENT LIABILITIES | $267M |
| TOTAL LIABILITIES | $340M |
| Common Stock | $1M |
| Additional Paid-In Capital | $1.7B |
| Retained Earnings | -$1.9B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$217M |
| Minority Interest | $42M |
| TOTAL EQUITY | -$175M |
| TOTAL LIABILITIES & EQUITY | $165M |
| Total Debt | $73M |
| Net Debt | $40M |
