| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $27M | $1M | -95.2% | 11.7% |
| Op. Income | -$26M | -$33M | -$45M | 21.6% | 43.4% |
| Gross Margin | 97.6% | 2.3% | 84.5% | 95.3pp | 13.1pp |
| Net Margin | -2004.4% | -127.2% | -4282.9% | -1877.2pp | 2278.6pp |
| EPS (Diluted) | $-0.07 | $-0.09 | $-0.20 | 22.2% | 65.0% |
| Free Cash Flow | -$44M | -$22M | -$55M | -99.3% | 20.6% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $30.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $27M |
| Cost & Expenses | $27M |
| OPERATING INCOME | -$26M |
| Interest Income | $2M |
| Interest Expense | $2M |
| Other Income/Expenses | $384.0K |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$25M |
| D&A | $176.0K |
| EBIT | -$23M |
| EBITDA | -$23M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$25M |
| Depreciation & Amortization | $176.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$19M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $106M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$572.0K |
| NET CASH FROM FINANCING | -$572.0K |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | -$4M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $63M |
| Short-Term Investments | $132M |
| Net Receivables | $47M |
| Inventory | $201.0K |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $246M |
| PP&E (Net) | $7M |
| Goodwill | $45M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $368.0K |
| TOTAL NON-CURRENT ASSETS | $52M |
| TOTAL ASSETS | $298M |
| Account Payables | $11M |
| Short-Term Debt | $42M |
| Deferred Revenue | $45M |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $111M |
| Long-Term Debt | $59M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $5M |
| TOTAL NON-CURRENT LIABILITIES | $64M |
| TOTAL LIABILITIES | $175M |
| Common Stock | $366.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$2.0B |
| Treasury Stock | -$5M |
| Accum. Other Comp. Income | $25.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $123M |
| Minority Interest | $0 |
| TOTAL EQUITY | $123M |
| TOTAL LIABILITIES & EQUITY | $298M |
| Total Debt | $102M |
| Net Debt | $39M |
