| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $21M | $697.0K | -91.0% | 176.3% |
| Op. Income | -$42M | -$31M | -$47M | -32.1% | 11.1% |
| Gross Margin | 28.5% | 44.8% | -369.9% | -16.4pp | 398.3pp |
| Net Margin | -2075.9% | -184.2% | -2932.9% | -1891.7pp | 857.0pp |
| EPS (Diluted) | $-0.51 | $-0.50 | $-0.32 | -2.0% | -59.4% |
| Free Cash Flow | -$39M | -$24M | -$38M | -57.3% | -0.3% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $548.0K |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $9M |
| SG&A Expenses | $9M |
| Other Expenses | $0 |
| Operating Expenses | $42M |
| Cost & Expenses | $44M |
| OPERATING INCOME | -$42M |
| Interest Income | $971.0K |
| Interest Expense | $3M |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$40M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$40M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$40M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$40M |
| D&A | $3M |
| EBIT | -$37M |
| EBITDA | -$34M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$40M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$5M |
| Change in Working Capital | -$49.0K |
| OPERATING CASH FLOW | -$37M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$3M |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | -$37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $607.0K |
| Other Current Assets | $606.0K |
| TOTAL CURRENT ASSETS | $80M |
| PP&E (Net) | $133M |
| Goodwill | $0 |
| Intangible Assets | $773.0K |
| Long-Term Investments | $7M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $144M |
| TOTAL ASSETS | $224M |
| Account Payables | $20M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $52M |
| Long-Term Debt | $73M |
| Deferred Revenue NC | $60M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $139M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $3.0K |
| Additional Paid-In Capital | $780M |
| Retained Earnings | -$742M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$5M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $33M |
| Minority Interest | $0 |
| TOTAL EQUITY | $33M |
| TOTAL LIABILITIES & EQUITY | $224M |
| Total Debt | $81M |
| Net Debt | $14M |
