| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $842.0K | $1M | $457.0K | -29.4% | 84.2% |
| Op. Income | -$25M | -$31M | -$23M | 18.1% | -7.5% |
| Gross Margin | 57.7% | 51.2% | 58.9% | 6.5pp | -1.1pp |
| Net Margin | -2279.0% | -2778.6% | -4261.3% | 499.6pp | 1982.3pp |
| EPS (Diluted) | $-0.11 | $-0.23 | $-0.14 | 52.2% | 21.4% |
| Free Cash Flow | -$27M | -$24M | -$24M | -12.9% | -12.9% |
| Item | Amount |
|---|---|
| REVENUE | $842.0K |
| Cost of Revenue | $356.0K |
| GROSS PROFIT | $486.0K |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $12M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$25M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | $11.0K |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $917.0K |
| EBIT | -$25M |
| EBITDA | -$24M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $917.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$26M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$120M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $48M |
| FREE CASH FLOW | -$27M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $195M |
| Net Receivables | $1M |
| Inventory | $4M |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $242M |
| PP&E (Net) | $29M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $808.0K |
| TOTAL NON-CURRENT ASSETS | $29M |
| TOTAL ASSETS | $271M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $155.0K |
| Other Current Liabilities | $172.0K |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $24M |
| Common Stock | $18.0K |
| Additional Paid-In Capital | $863M |
| Retained Earnings | -$616M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $247M |
| Minority Interest | $0 |
| TOTAL EQUITY | $247M |
| TOTAL LIABILITIES & EQUITY | $271M |
| Total Debt | $12M |
| Net Debt | -$25M |
