| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $5M | $8M | -70.0% | -81.5% |
| Op. Income | -$39M | -$46M | -$54M | 14.2% | 27.5% |
| Gross Margin | 87.4% | 88.1% | -8.7% | -0.7pp | 96.2pp |
| Net Margin | -2784.7% | -1403.2% | -773.3% | -1381.5pp | -2011.4pp |
| EPS (Diluted) | $-0.82 | $-1.50 | $-1.36 | 45.3% | 39.7% |
| Free Cash Flow | -$44M | -$53M | -$63M | 16.4% | 29.7% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $197.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | -$6M |
| Operating Expenses | $41M |
| Cost & Expenses | $41M |
| OPERATING INCOME | -$39M |
| Interest Income | $4M |
| Interest Expense | $15M |
| Other Income/Expenses | -$4M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $496.0K |
| NET INCOME | -$44M |
| D&A | $5M |
| EBIT | -$28M |
| EBITDA | -$24M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $496.0K |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$44M |
| Capital Expenditure | -$126.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $20M |
| NET CASH FROM INVESTING | $20M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $81M |
| FREE CASH FLOW | -$44M |
| Net Change in Cash | $58M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $217M |
| Short-Term Investments | $192M |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $435M |
| PP&E (Net) | $32M |
| Goodwill | $23M |
| Intangible Assets | $72M |
| Long-Term Investments | $28M |
| Tax Assets | $9M |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $170M |
| TOTAL ASSETS | $605M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $16M |
| TOTAL CURRENT LIABILITIES | $36M |
| Long-Term Debt | $52M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $7M |
| Other Non-Current Liabilities | $466M |
| TOTAL NON-CURRENT LIABILITIES | $535M |
| TOTAL LIABILITIES | $572M |
| Common Stock | $3M |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.2B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$54M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $34M |
| Minority Interest | $0 |
| TOTAL EQUITY | $34M |
| TOTAL LIABILITIES & EQUITY | $605M |
| Total Debt | $66M |
| Net Debt | -$151M |
