| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | $4M | $3M | 6.5% | 37.1% |
| Op. Income | -$21M | -$24M | -$25M | 11.9% | 17.7% |
| Gross Margin | 49.0% | 9.3% | -4.3% | 39.7pp | 53.4pp |
| Net Margin | -474.4% | -550.6% | -674.5% | 76.2pp | 200.1pp |
| EPS (Diluted) | $-0.34 | $-0.35 | $-0.32 | 2.9% | -6.3% |
| Free Cash Flow | -$12M | -$11M | -$11M | -10.5% | -7.7% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $2M |
| R&D Expenses | $11M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $0 |
| Operating Expenses | $23M |
| Cost & Expenses | $25M |
| OPERATING INCOME | -$21M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $884.0K |
| INCOME BEFORE TAX | -$20M |
| Income Tax Expense | $101.0K |
| Net Income from Continuing Ops | -$20M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$20M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$20M |
| D&A | $2M |
| EBIT | -$20M |
| EBITDA | -$18M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$20M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$654.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$63M |
| Sales/Maturities of Investments | $88M |
| Other Investing Activities | $299.0K |
| NET CASH FROM INVESTING | $25M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$675.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$827.0K |
| NET CASH FROM FINANCING | -$2M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $52M |
| Short-Term Investments | $187M |
| Net Receivables | $5M |
| Inventory | $7M |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $39M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $46M |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $347M |
| Account Payables | $4M |
| Short-Term Debt | $2M |
| Deferred Revenue | $413.0K |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $13M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $31.0K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $36M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $723M |
| Retained Earnings | -$412M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $305.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $311M |
| Minority Interest | $0 |
| TOTAL EQUITY | $311M |
| TOTAL LIABILITIES & EQUITY | $347M |
| Total Debt | $25M |
| Net Debt | -$27M |
