| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | — | $1M | — | 82.1% |
| Op. Income | -$11M | — | -$8M | — | -41.8% |
| Gross Margin | 70.7% | — | 60.2% | — | 10.5pp |
| Net Margin | -409.2% | — | -457.6% | — | 48.5pp |
| EPS (Diluted) | $-0.36 | — | $-0.26 | — | -38.5% |
| Free Cash Flow | -$8M | — | -$5M | — | -82.9% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $768.0K |
| GROSS PROFIT | $2M |
| R&D Expenses | $5M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $8M |
| Other Expenses | $0 |
| Operating Expenses | $13M |
| Cost & Expenses | $14M |
| OPERATING INCOME | -$11M |
| Interest Income | $443.7K |
| Interest Expense | $0 |
| Other Income/Expenses | $483.0K |
| INCOME BEFORE TAX | -$11M |
| Income Tax Expense | $41.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $163.0K |
| EBIT | -$11M |
| EBITDA | -$11M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $163.0K |
| Stock-Based Compensation | $989.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $39.0K |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | -$290.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$290.0K |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | -$8M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $46M |
| Short-Term Investments | $0 |
| Net Receivables | $6M |
| Inventory | $7M |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $60M |
| PP&E (Net) | $651.0K |
| Goodwill | $0 |
| Intangible Assets | $214.0K |
| Long-Term Investments | $0 |
| Tax Assets | $87.0K |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $952.0K |
| TOTAL ASSETS | $61M |
| Account Payables | $1M |
| Short-Term Debt | $0 |
| Deferred Revenue | $636.0K |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $5M |
| Long-Term Debt | $4M |
| Deferred Revenue NC | $85.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $72.0K |
| TOTAL NON-CURRENT LIABILITIES | $5M |
| TOTAL LIABILITIES | $10M |
| Common Stock | $282M |
| Additional Paid-In Capital | $22M |
| Retained Earnings | -$256M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $51M |
| Minority Interest | $0 |
| TOTAL EQUITY | $51M |
| TOTAL LIABILITIES & EQUITY | $61M |
| Total Debt | $5M |
| Net Debt | -$42M |
