| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | — | — | — |
| Op. Income | -$47M | -$41M | — | -15.5% | — |
| EPS (Diluted) | $-1.03 | $-0.87 | — | -18.4% | — |
| Free Cash Flow | -$45M | -$38M | — | -19.5% | — |
| Item | Amount |
|---|---|
| REVENUE | $0 |
| Cost of Revenue | $501.0K |
| GROSS PROFIT | -$501.0K |
| R&D Expenses | $37M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | -$501.0K |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | -$47M |
| Interest Income | $3M |
| Interest Expense | $25.0K |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $501.0K |
| EBIT | -$45M |
| EBITDA | -$44M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $501.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$758.0K |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$45M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$81M |
| Sales/Maturities of Investments | $85M |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $6M |
| Net Debt Issuance | -$341.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$414.0K |
| FREE CASH FLOW | -$45M |
| Net Change in Cash | -$40M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $57M |
| Short-Term Investments | $186M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $248M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $4M |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $261M |
| Account Payables | $8M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $33M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $3M |
| TOTAL LIABILITIES | $37M |
| Common Stock | $0 |
| Additional Paid-In Capital | $532M |
| Retained Earnings | -$308M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $224M |
| Minority Interest | $0 |
| TOTAL EQUITY | $224M |
| TOTAL LIABILITIES & EQUITY | $261M |
| Total Debt | $7M |
| Net Debt | -$50M |
