| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $219.0K | $212.0K | $317.0K | 3.3% | -30.9% |
| Op. Income | -$26M | -$25M | -$15M | -4.8% | -67.3% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -9806.4% | -9749.1% | -4468.8% | -57.3pp | -5337.6pp |
| EPS (Diluted) | $-0.49 | $-0.64 | $-0.34 | 23.4% | -44.1% |
| Free Cash Flow | -$24M | -$22M | -$17M | -10.0% | -35.8% |
| Item | Amount |
|---|---|
| REVENUE | $219.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $219.0K |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $7M |
| SG&A Expenses | $7M |
| Other Expenses | $0 |
| Operating Expenses | $26M |
| Cost & Expenses | $26M |
| OPERATING INCOME | -$26M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $397.0K |
| EBIT | -$26M |
| EBITDA | -$26M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $397.0K |
| Stock-Based Compensation | $1M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$460.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$23M |
| Capital Expenditure | -$382.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$50M |
| Sales/Maturities of Investments | $45M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$5M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $66.0K |
| FREE CASH FLOW | -$24M |
| Net Change in Cash | -$28M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $210M |
| Short-Term Investments | $126M |
| Net Receivables | $1M |
| Inventory | $0 |
| Other Current Assets | $52.0K |
| TOTAL CURRENT ASSETS | $342M |
| PP&E (Net) | $28M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $62M |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $92M |
| TOTAL ASSETS | $434M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $943.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $27.0K |
| TOTAL NON-CURRENT LIABILITIES | $23M |
| TOTAL LIABILITIES | $34M |
| Common Stock | $44.0K |
| Additional Paid-In Capital | $540M |
| Retained Earnings | -$140M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $198.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $400M |
| Minority Interest | $0 |
| TOTAL EQUITY | $400M |
| TOTAL LIABILITIES & EQUITY | $434M |
| Total Debt | $25M |
| Net Debt | -$185M |
