| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $89M | $21M | $16M | 319.6% | 469.8% |
| Op. Income | $12M | -$51M | -$62M | 123.6% | 119.6% |
| Gross Margin | 96.1% | 70.2% | 45.8% | 25.9pp | 50.3pp |
| Net Margin | 6.8% | -241.3% | -405.4% | 248.1pp | 412.2pp |
| EPS (Diluted) | $0.12 | $-1.01 | $-1.38 | 111.9% | 108.7% |
| Free Cash Flow | $33M | -$33M | -$56M | 199.7% | 158.2% |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $86M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $15.0K |
| Operating Expenses | $73M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $4M |
| EBIT | $15M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $89M |
| Cost of Revenue | $3M |
| GROSS PROFIT | $86M |
| R&D Expenses | $53M |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $15.0K |
| Operating Expenses | $73M |
| Cost & Expenses | $77M |
| OPERATING INCOME | $12M |
| Interest Income | $0 |
| Interest Expense | $9M |
| Other Income/Expenses | -$6M |
| INCOME BEFORE TAX | $6M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $6M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $6M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $6M |
| D&A | $4M |
| EBIT | $15M |
| EBITDA | $19M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $6M |
| Depreciation & Amortization | $4M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | $16M |
| OPERATING CASH FLOW | $34M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $65M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $45M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $307.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$6M |
| NET CASH FROM FINANCING | -$6M |
| FREE CASH FLOW | $33M |
| Net Change in Cash | $73M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $130M |
| Short-Term Investments | $138M |
| Net Receivables | $19M |
| Inventory | $0 |
| Other Current Assets | $15M |
| TOTAL CURRENT ASSETS | $313M |
| PP&E (Net) | $167M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $6M |
| TOTAL NON-CURRENT ASSETS | $178M |
| TOTAL ASSETS | $491M |
| Account Payables | $19M |
| Short-Term Debt | $0 |
| Deferred Revenue | $14M |
| Other Current Liabilities | $51M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $26M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $217M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $1.2B |
| Retained Earnings | -$926M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$762.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $274M |
| Minority Interest | $0 |
| TOTAL EQUITY | $274M |
| TOTAL LIABILITIES & EQUITY | $491M |
| Total Debt | $80M |
| Net Debt | -$50M |
