| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $61M | $61M | $49M | -0.3% | 24.9% |
| Op. Income | -$35M | -$44M | -$27M | 20.9% | -28.9% |
| Gross Margin | -15.5% | -31.8% | -10.9% | 16.3pp | -4.6pp |
| Net Margin | -37.2% | -36.6% | 33.9% | -0.6pp | -71.1pp |
| EPS (Diluted) | $-0.14 | $-0.14 | $-0.08 | 0.0% | -73.7% |
| Free Cash Flow | -$94M | -$11M | -$93M | -738.3% | -0.8% |
| Item | Amount |
|---|---|
| REVENUE | $61M |
| Cost of Revenue | $70M |
| GROSS PROFIT | -$9M |
| R&D Expenses | $474.0K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $24M |
| Other Expenses | $733.0K |
| Operating Expenses | $25M |
| Cost & Expenses | $96M |
| OPERATING INCOME | -$35M |
| Interest Income | $9M |
| Interest Expense | $8M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$23M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$23M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$23M |
| D&A | $21M |
| EBIT | -$20M |
| EBITDA | $2M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$5M |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$56M |
| OPERATING CASH FLOW | -$63M |
| Capital Expenditure | -$30M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | -$365M |
| Sales/Maturities of Investments | $378M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$16M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$4M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$5M |
| FREE CASH FLOW | -$94M |
| Net Change in Cash | -$84M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $198M |
| Short-Term Investments | $561M |
| Net Receivables | $113M |
| Inventory | $133M |
| Other Current Assets | $18M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $1.3B |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $50M |
| TOTAL NON-CURRENT ASSETS | $1.3B |
| TOTAL ASSETS | $2.4B |
| Account Payables | $21M |
| Short-Term Debt | $67M |
| Deferred Revenue | $75M |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $248M |
| Long-Term Debt | $842M |
| Deferred Revenue NC | $92M |
| Deferred Tax Liabilities | $106M |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $1.1B |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $965M |
| Retained Earnings | $298M |
| Treasury Stock | -$227M |
| Accum. Other Comp. Income | -$1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $2.4B |
| Total Debt | $916M |
| Net Debt | $718M |
