| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $37M | $39M | $39M | -5.3% | -4.3% |
| Op. Income | -$429M | -$153M | -$81M | -180.3% | -427.2% |
| Gross Margin | -3.7% | 25.6% | 29.1% | -29.3pp | -32.8pp |
| Net Margin | -1146.8% | 6.0% | -201.4% | -1152.9pp | -945.4pp |
| EPS (Diluted) | $-1.44 | $0.01 | $-0.29 | -18801.3% | -396.6% |
| Free Cash Flow | -$50M | -$32M | -$80M | -56.3% | 36.6% |
| Item | Amount |
|---|---|
| REVENUE | $37M |
| Cost of Revenue | $39M |
| GROSS PROFIT | -$1M |
| R&D Expenses | $29M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $40M |
| Other Expenses | $358M |
| Operating Expenses | $428M |
| Cost & Expenses | $466M |
| OPERATING INCOME | -$429M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$426M |
| Income Tax Expense | -$302.0K |
| Net Income from Continuing Ops | -$426M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$426M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$426M |
| D&A | $373M |
| EBIT | -$425M |
| EBITDA | -$52M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$426M |
| Depreciation & Amortization | $373M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | -$546.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$62M |
| Sales/Maturities of Investments | $113M |
| Other Investing Activities | -$5M |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$50M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $59M |
| Short-Term Investments | $285M |
| Net Receivables | $32M |
| Inventory | $54M |
| Other Current Assets | $16M |
| TOTAL CURRENT ASSETS | $445M |
| PP&E (Net) | $69M |
| Goodwill | $318M |
| Intangible Assets | $18M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $416M |
| TOTAL ASSETS | $861M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $15M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $646M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $703M |
| TOTAL LIABILITIES | $769M |
| Common Stock | $300.0K |
| Additional Paid-In Capital | $2.7B |
| Retained Earnings | -$2.6B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $381.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $92M |
| Minority Interest | $0 |
| TOTAL EQUITY | $92M |
| TOTAL LIABILITIES & EQUITY | $861M |
| Total Debt | $699M |
| Net Debt | $641M |
