| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $88M | $37M | -32.6% | 62.7% |
| Op. Income | -$51M | -$21M | -$67M | -145.7% | 24.5% |
| Gross Margin | 52.3% | 72.6% | 51.6% | -20.3pp | 0.6pp |
| Net Margin | -100.4% | -45.5% | -149.5% | -54.9pp | 49.1pp |
| EPS (Diluted) | $-0.82 | $-0.55 | $-0.76 | -49.1% | -7.9% |
| Free Cash Flow | $143M | -$32M | -$43M | 548.5% | 430.8% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $31M |
| R&D Expenses | $46M |
| Selling & Marketing | $10M |
| General & Administrative | $26M |
| SG&A Expenses | $36M |
| Other Expenses | $0 |
| Operating Expenses | $82M |
| Cost & Expenses | $110M |
| OPERATING INCOME | -$51M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$9M |
| INCOME BEFORE TAX | -$60M |
| Income Tax Expense | $28.0K |
| Net Income from Continuing Ops | -$60M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$60M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$60M |
| D&A | $2M |
| EBIT | -$51M |
| EBITDA | -$49M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$60M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $12M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $12M |
| Change in Working Capital | $178M |
| OPERATING CASH FLOW | $144M |
| Capital Expenditure | -$596.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$28M |
| Sales/Maturities of Investments | $59M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $31M |
| Net Debt Issuance | -$14.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $423.0K |
| NET CASH FROM FINANCING | $409.0K |
| FREE CASH FLOW | $143M |
| Net Change in Cash | $175M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $326M |
| Short-Term Investments | $174M |
| Net Receivables | $46M |
| Inventory | $0 |
| Other Current Assets | $12M |
| TOTAL CURRENT ASSETS | $571M |
| PP&E (Net) | $133M |
| Goodwill | $5M |
| Intangible Assets | $0 |
| Long-Term Investments | $30M |
| Tax Assets | $0 |
| Other Non-Current Assets | $5M |
| TOTAL NON-CURRENT ASSETS | $172M |
| TOTAL ASSETS | $743M |
| Account Payables | $12M |
| Short-Term Debt | $0 |
| Deferred Revenue | $105M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $165M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $104M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $155.0K |
| TOTAL NON-CURRENT LIABILITIES | $204M |
| TOTAL LIABILITIES | $370M |
| Common Stock | $734.0K |
| Additional Paid-In Capital | $958M |
| Retained Earnings | -$585M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $90.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $374M |
| Minority Interest | $0 |
| TOTAL EQUITY | $374M |
| TOTAL LIABILITIES & EQUITY | $743M |
| Total Debt | $116M |
| Net Debt | -$210M |
