| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | -$5M | $6M | $1M | -181.7% | -470.3% |
| Op. Income | -$8M | $3M | -$2M | -348.9% | -359.3% |
| Gross Margin | 138.2% | 68.7% | -41.7% | 69.5pp | 180.0pp |
| Net Margin | 158.5% | 52.0% | -127.8% | 106.5pp | 286.3pp |
| EPS (Diluted) | $-0.12 | $0.05 | $-0.03 | -335.8% | -304.0% |
| Free Cash Flow | $5M | $6M | $8M | -15.9% | -40.2% |
| Item | Amount |
|---|---|
| REVENUE | -$5M |
| Cost of Revenue | $2M |
| GROSS PROFIT | -$7M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $678.7K |
| SG&A Expenses | $678.7K |
| Other Expenses | $360.4K |
| Operating Expenses | $1M |
| Cost & Expenses | $3M |
| OPERATING INCOME | -$8M |
| Interest Income | $6M |
| Interest Expense | $2M |
| Other Income/Expenses | $0 |
| INCOME BEFORE TAX | -$8M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$8M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$8M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$8M |
| D&A | $0 |
| EBIT | -$8M |
| EBITDA | -$8M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$8M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $13M |
| Change in Working Capital | $386.8K |
| OPERATING CASH FLOW | $5M |
| Capital Expenditure | -$4 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $20M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | $5M |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $0 |
| Net Receivables | $4M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $41M |
| PP&E (Net) | $0 |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $244M |
| TOTAL NON-CURRENT ASSETS | $244M |
| TOTAL ASSETS | $285M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $124M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $126M |
| TOTAL LIABILITIES | $137M |
| Common Stock | $711.9K |
| Additional Paid-In Capital | $492M |
| Retained Earnings | -$343M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $149M |
| Minority Interest | $0 |
| TOTAL EQUITY | $149M |
| TOTAL LIABILITIES & EQUITY | $285M |
| Total Debt | $124M |
| Net Debt | $86M |
