| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $90M | $14M | $105M | 557.3% | -13.7% |
| Op. Income | -$5M | -$92M | -$11M | 94.9% | 55.0% |
| Gross Margin | 40.7% | -405.5% | 32.7% | 446.2pp | 8.0pp |
| Net Margin | -4.9% | -897.6% | -7.2% | 892.6pp | 2.2pp |
| EPS (Diluted) | $-235.98 | $-6539.77 | $-397.57 | 96.4% | 40.6% |
| Free Cash Flow | -$23M | $7M | -$14M | -419.6% | -62.2% |
| Item | Amount |
|---|---|
| REVENUE | $90M |
| Cost of Revenue | $54M |
| GROSS PROFIT | $37M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $37M |
| SG&A Expenses | $37M |
| Other Expenses | $5M |
| Operating Expenses | $42M |
| Cost & Expenses | $95M |
| OPERATING INCOME | -$5M |
| Interest Income | $86M |
| Interest Expense | $53M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | -$286.0K |
| Net Income from Continuing Ops | -$4M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$4M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$4M |
| D&A | $3M |
| EBIT | -$5M |
| EBITDA | -$1M |
| EPS | -$236 |
| EPS Diluted | -$236 |
| Item | Amount |
|---|---|
| Net Income | -$4M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $592.0K |
| Deferred Income Tax | -$307.0K |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$8M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$53.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $170M |
| NET CASH FROM INVESTING | $191M |
| Net Debt Issuance | -$22.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$323M |
| NET CASH FROM FINANCING | -$323M |
| FREE CASH FLOW | -$23M |
| Net Change in Cash | -$154M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $252M |
| Short-Term Investments | $0 |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $252M |
| PP&E (Net) | $46M |
| Goodwill | $7M |
| Intangible Assets | $98M |
| Long-Term Investments | $7.2B |
| Tax Assets | $0 |
| Other Non-Current Assets | $248M |
| TOTAL NON-CURRENT ASSETS | $7.6B |
| TOTAL ASSETS | $7.8B |
| Account Payables | $0 |
| Short-Term Debt | $510M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.6B |
| TOTAL CURRENT LIABILITIES | $6.1B |
| Long-Term Debt | $1.2B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $6.2B |
| TOTAL NON-CURRENT LIABILITIES | $7.4B |
| TOTAL LIABILITIES | $7.4B |
| Common Stock | $233M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | $247M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$79M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $401M |
| Minority Interest | $0 |
| TOTAL EQUITY | $401M |
| TOTAL LIABILITIES & EQUITY | $7.8B |
| Total Debt | $1.2B |
| Net Debt | $973M |
