| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $2M | $2M | 549.7% | 508.6% |
| Op. Income | -$11M | -$20M | -$18M | 44.2% | 35.5% |
| Gross Margin | 92.5% | 63.8% | 67.3% | 28.7pp | 25.2pp |
| Net Margin | -36.1% | -3727.9% | -702.3% | 3691.8pp | 666.2pp |
| EPS (Diluted) | $-0.02 | $-0.37 | $-0.11 | 94.9% | 82.8% |
| Free Cash Flow | -$20M | $1M | -$13M | -1970.7% | -56.8% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $14M |
| R&D Expenses | $10M |
| Selling & Marketing | $7M |
| General & Administrative | $8M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $25M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$11M |
| Interest Income | $0 |
| Interest Expense | $226.0K |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$5M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$5M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$5M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$5M |
| D&A | $553.0K |
| EBIT | -$5M |
| EBITDA | -$5M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$5M |
| Depreciation & Amortization | $553.0K |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$3M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$19M |
| Capital Expenditure | -$438.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$60.0K |
| NET CASH FROM INVESTING | -$498.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$488.0K |
| NET CASH FROM FINANCING | $146M |
| FREE CASH FLOW | -$20M |
| Net Change in Cash | $126M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $304M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $2M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $311M |
| PP&E (Net) | $11M |
| Goodwill | $0 |
| Intangible Assets | $531.0K |
| Long-Term Investments | $3M |
| Tax Assets | $0 |
| Other Non-Current Assets | $547.0K |
| TOTAL NON-CURRENT ASSETS | $15M |
| TOTAL ASSETS | $326M |
| Account Payables | $1M |
| Short-Term Debt | $348.0K |
| Deferred Revenue | $6M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $15M |
| Long-Term Debt | $30M |
| Deferred Revenue NC | $700.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $66M |
| TOTAL NON-CURRENT LIABILITIES | $103M |
| TOTAL LIABILITIES | $118M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $850M |
| Retained Earnings | -$632M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$10M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $207M |
| Minority Interest | $0 |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $326M |
| Total Debt | $38M |
| Net Debt | -$266M |
