| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $139M | $165M | $109M | -15.5% | 28.0% |
| Op. Income | -$143M | -$122M | -$165M | -16.9% | 13.6% |
| Gross Margin | 79.4% | 89.8% | 83.9% | -10.3pp | -4.5pp |
| Net Margin | -108.5% | -80.9% | -156.8% | -27.6pp | 48.4pp |
| EPS (Diluted) | $-1.57 | $-1.39 | $-2.03 | -12.9% | 22.7% |
| Free Cash Flow | -$183M | -$80M | -$204M | -128.1% | 10.4% |
| Item | Amount |
|---|---|
| REVENUE | $139M |
| Cost of Revenue | $29M |
| GROSS PROFIT | $111M |
| R&D Expenses | $166M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $88M |
| Other Expenses | $0 |
| Operating Expenses | $254M |
| Cost & Expenses | $282M |
| OPERATING INCOME | -$143M |
| Interest Income | $7M |
| Interest Expense | $14M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$150M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | -$151M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$151M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$151M |
| D&A | $9M |
| EBIT | -$135M |
| EBITDA | -$126M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$151M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $40M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$57M |
| OPERATING CASH FLOW | -$166M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $137M |
| Other Investing Activities | -$16M |
| NET CASH FROM INVESTING | $120M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $157.0K |
| NET CASH FROM FINANCING | $157.0K |
| FREE CASH FLOW | -$183M |
| Net Change in Cash | -$45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $127M |
| Short-Term Investments | $367M |
| Net Receivables | $99M |
| Inventory | $46M |
| Other Current Assets | $60M |
| TOTAL CURRENT ASSETS | $699M |
| PP&E (Net) | $261M |
| Goodwill | $44M |
| Intangible Assets | $177M |
| Long-Term Investments | $69M |
| Tax Assets | $0 |
| Other Non-Current Assets | $62M |
| TOTAL NON-CURRENT ASSETS | $613M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $47M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $100M |
| TOTAL CURRENT LIABILITIES | $292M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $30M |
| Other Non-Current Liabilities | $811M |
| TOTAL NON-CURRENT LIABILITIES | $869M |
| TOTAL LIABILITIES | $1.2B |
| Common Stock | $94.0K |
| Additional Paid-In Capital | $4.3B |
| Retained Earnings | -$4.1B |
| Treasury Stock | -$8M |
| Accum. Other Comp. Income | -$341.0K |
| Other Equity | $8M |
| TOTAL STOCKHOLDERS' EQUITY | $144M |
| Minority Interest | $7M |
| TOTAL EQUITY | $151M |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $38M |
| Net Debt | -$89M |
