| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $28M | $171M | $255M | -83.4% | -88.9% |
| Op. Income | -$19M | $127M | $206M | -115.2% | -109.4% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -41.2% | 77.2% | 81.3% | -118.3pp | -122.5pp |
| EPS (Diluted) | $-0.19 | $1.98 | $3.26 | -109.6% | -105.8% |
| Free Cash Flow | $125M | -$29M | -$28M | 523.3% | 551.1% |
| Item | Amount |
|---|---|
| REVENUE | $28M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $28M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $12M |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $48M |
| Cost & Expenses | $48M |
| OPERATING INCOME | -$19M |
| Interest Income | $8M |
| Interest Expense | $0 |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$12M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$12M |
| D&A | $239.0K |
| EBIT | -$19M |
| EBITDA | -$19M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$12M |
| Depreciation & Amortization | $239.0K |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $125M |
| OPERATING CASH FLOW | $125M |
| Capital Expenditure | -$545.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$214M |
| Sales/Maturities of Investments | $120M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$94M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$479.0K |
| NET CASH FROM FINANCING | $11M |
| FREE CASH FLOW | $125M |
| Net Change in Cash | $42M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $140M |
| Short-Term Investments | $435M |
| Net Receivables | $27M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $606M |
| PP&E (Net) | $13M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $124M |
| Tax Assets | $0 |
| Other Non-Current Assets | $225.0K |
| TOTAL NON-CURRENT ASSETS | $136M |
| TOTAL ASSETS | $742M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $17M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $35M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $8M |
| TOTAL NON-CURRENT LIABILITIES | $18M |
| TOTAL LIABILITIES | $53M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $1.0B |
| Retained Earnings | -$352M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $85.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $689M |
| Minority Interest | $0 |
| TOTAL EQUITY | $689M |
| TOTAL LIABILITIES & EQUITY | $742M |
| Total Debt | $11M |
| Net Debt | -$128M |
