| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $212.0K | $38.0K | $0 | 457.9% | — |
| Op. Income | -$10M | -$12M | -$20M | 16.7% | 51.1% |
| Gross Margin | 100.0% | 21.1% | — | 78.9pp | — |
| Net Margin | -4452.4% | -29063.2% | — | 24610.8pp | — |
| EPS (Diluted) | $-1.68 | $-2.00 | $-3.76 | 16.0% | 55.3% |
| Free Cash Flow | -$10M | -$10M | -$15M | -3.5% | 34.0% |
| Item | Amount |
|---|---|
| REVENUE | $212.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $212.0K |
| R&D Expenses | $6M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $10M |
| Cost & Expenses | $10M |
| OPERATING INCOME | -$10M |
| Interest Income | $644.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $231.0K |
| INCOME BEFORE TAX | -$9M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$9M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$9M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$9M |
| D&A | $28.0K |
| EBIT | -$10M |
| EBITDA | -$10M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$9M |
| Depreciation & Amortization | $28.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $377.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | -$6M |
| Sales/Maturities of Investments | $18M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $11M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $0 |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $876.0K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $15M |
| Short-Term Investments | $40M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $872.0K |
| TOTAL CURRENT ASSETS | $57M |
| PP&E (Net) | $189.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $413.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $602.0K |
| TOTAL ASSETS | $58M |
| Account Payables | $400.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $848.0K |
| Other Current Liabilities | $964.0K |
| TOTAL CURRENT LIABILITIES | $4M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $0 |
| TOTAL LIABILITIES | $4M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $356M |
| Retained Earnings | -$302M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $47.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $54M |
| Minority Interest | $0 |
| TOTAL EQUITY | $54M |
| TOTAL LIABILITIES & EQUITY | $58M |
| Total Debt | $116.0K |
| Net Debt | -$15M |
