| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1M | $2M | $3M | -35.3% | -51.8% |
| Op. Income | -$22M | -$18M | -$17M | -17.0% | -30.4% |
| Gross Margin | 30.0% | 44.1% | -9.4% | -14.1pp | 39.4pp |
| Net Margin | 2895.3% | -6726.5% | -680.6% | 9621.8pp | 3575.9pp |
| EPS (Diluted) | $0.15 | $-0.80 | $-0.14 | 118.8% | 207.1% |
| Free Cash Flow | -$16M | -$10M | -$19M | -64.8% | 13.1% |
| Item | Amount |
|---|---|
| REVENUE | $1M |
| Cost of Revenue | $1M |
| GROSS PROFIT | $442.0K |
| R&D Expenses | $15M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $7M |
| Operating Expenses | $22M |
| Cost & Expenses | $23M |
| OPERATING INCOME | -$22M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | $64M |
| INCOME BEFORE TAX | $43M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $43M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $43M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $43M |
| D&A | $2M |
| EBIT | -$22M |
| EBITDA | -$20M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $43M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$63M |
| Change in Working Capital | $865.0K |
| OPERATING CASH FLOW | -$14M |
| Capital Expenditure | -$3M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$44M |
| Sales/Maturities of Investments | $23M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$24M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | $7M |
| FREE CASH FLOW | -$16M |
| Net Change in Cash | -$31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $37M |
| Short-Term Investments | $172M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $214M |
| PP&E (Net) | $54M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $55M |
| TOTAL ASSETS | $269M |
| Account Payables | $3M |
| Short-Term Debt | $0 |
| Deferred Revenue | $147.0K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $698.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $44M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $62M |
| Common Stock | $29.0K |
| Additional Paid-In Capital | $719M |
| Retained Earnings | -$512M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$88.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $207M |
| Minority Interest | $0 |
| TOTAL EQUITY | $207M |
| TOTAL LIABILITIES & EQUITY | $269M |
| Total Debt | $8M |
| Net Debt | -$29M |
