| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $115M | $182M | — | -37.0% | — |
| Op. Income | -$138M | -$2M | — | -5827.0% | — |
| Gross Margin | 54.9% | 28.5% | — | 26.3pp | — |
| Net Margin | -122.6% | -0.6% | — | -122.0pp | — |
| EPS (Diluted) | $0.57 | $-0.15 | — | 480.0% | — |
| Free Cash Flow | $23M | $96M | — | -76.1% | — |
| Item | Amount |
|---|---|
| REVENUE | $115M |
| Cost of Revenue | $52M |
| GROSS PROFIT | $63M |
| R&D Expenses | $0 |
| Selling & Marketing | $793.0K |
| General & Administrative | $28M |
| SG&A Expenses | $29M |
| Other Expenses | $172M |
| Operating Expenses | $201M |
| Cost & Expenses | $253M |
| OPERATING INCOME | -$138M |
| Interest Income | $99M |
| Interest Expense | $41M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$138M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | -$141M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$141M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$143M |
| D&A | $3M |
| EBIT | -$138M |
| EBITDA | -$135M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | -$141M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $784.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $160M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $25M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$219M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | $191M |
| NET CASH FROM INVESTING | $39M |
| Net Debt Issuance | $193M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$7M |
| Other Financing Activities | -$261M |
| NET CASH FROM FINANCING | -$77M |
| FREE CASH FLOW | $23M |
| Net Change in Cash | -$13M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $1.1B |
| Net Receivables | $382M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $87M |
| Goodwill | $8M |
| Intangible Assets | $28M |
| Long-Term Investments | $5.1B |
| Tax Assets | $0 |
| Other Non-Current Assets | $423M |
| TOTAL NON-CURRENT ASSETS | $5.7B |
| TOTAL ASSETS | $7.3B |
| Account Payables | $0 |
| Short-Term Debt | $280M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $5.9B |
| TOTAL CURRENT LIABILITIES | $6.2B |
| Long-Term Debt | $336M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $161M |
| TOTAL NON-CURRENT LIABILITIES | $497M |
| TOTAL LIABILITIES | $6.7B |
| Common Stock | $215.0K |
| Additional Paid-In Capital | $435M |
| Retained Earnings | $98M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$72M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $571M |
| Minority Interest | $0 |
| TOTAL EQUITY | $571M |
| TOTAL LIABILITIES & EQUITY | $7.3B |
| Total Debt | $616M |
| Net Debt | $515M |
