| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $60M | $68M | $33M | -11.4% | 82.6% |
| Op. Income | -$28M | -$23M | -$35M | -22.1% | 19.8% |
| Gross Margin | 50.3% | 52.6% | 53.5% | -2.3pp | -3.2pp |
| Net Margin | -39.6% | -27.6% | -86.9% | -12.0pp | 47.3pp |
| EPS (Diluted) | $-1.01 | $-0.81 | $-1.26 | -24.7% | 19.8% |
| Free Cash Flow | -$1M | -$2M | -$1M | 43.6% | -8.4% |
| Item | Amount |
|---|---|
| REVENUE | $60M |
| Cost of Revenue | $30M |
| GROSS PROFIT | $30M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $27M |
| Other Expenses | $2M |
| Operating Expenses | $58M |
| Cost & Expenses | $88M |
| OPERATING INCOME | -$28M |
| Interest Income | $4M |
| Interest Expense | $0 |
| Other Income/Expenses | $4M |
| INCOME BEFORE TAX | -$24M |
| Income Tax Expense | $67.0K |
| Net Income from Continuing Ops | -$24M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$24M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$24M |
| D&A | $9M |
| EBIT | -$27M |
| EBITDA | -$18M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$24M |
| Depreciation & Amortization | $9M |
| Stock-Based Compensation | $25M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | $15M |
| Capital Expenditure | -$16M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$124M |
| Sales/Maturities of Investments | $177M |
| Other Investing Activities | -$132.0K |
| NET CASH FROM INVESTING | $36M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$18M |
| NET CASH FROM FINANCING | -$18M |
| FREE CASH FLOW | -$1M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $39M |
| Short-Term Investments | $360M |
| Net Receivables | $28M |
| Inventory | $83M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $519M |
| PP&E (Net) | $105M |
| Goodwill | $87M |
| Intangible Assets | $160M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $353M |
| TOTAL ASSETS | $872M |
| Account Payables | $25M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $27M |
| TOTAL CURRENT LIABILITIES | $107M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $70M |
| TOTAL NON-CURRENT LIABILITIES | $73M |
| TOTAL LIABILITIES | $180M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $898M |
| Retained Earnings | -$206M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $693M |
| Minority Interest | $0 |
| TOTAL EQUITY | $693M |
| TOTAL LIABILITIES & EQUITY | $872M |
| Total Debt | $6M |
| Net Debt | -$33M |
