| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $8M | $87M | $0 | -90.8% | — |
| Op. Income | -$37M | $47M | -$13M | -178.8% | -181.8% |
| Gross Margin | 49.3% | 95.5% | — | -46.3pp | — |
| Net Margin | -425.7% | 57.7% | — | -483.4pp | — |
| EPS (Diluted) | $-0.35 | $0.51 | $-0.11 | -168.6% | -218.2% |
| Free Cash Flow | -$41M | $42M | -$7M | -197.9% | -501.1% |
| Item | Amount |
|---|---|
| REVENUE | $8M |
| Cost of Revenue | $4M |
| GROSS PROFIT | $4M |
| R&D Expenses | $3M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $38M |
| Operating Expenses | $41M |
| Cost & Expenses | $45M |
| OPERATING INCOME | -$37M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$34M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$34M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$34M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$34M |
| D&A | $280.0K |
| EBIT | -$37M |
| EBITDA | -$37M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | -$2M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | -$10M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$91.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $64M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $29M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $725.0K |
| FREE CASH FLOW | -$41M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $40M |
| Short-Term Investments | $236M |
| Net Receivables | $10M |
| Inventory | $7M |
| Other Current Assets | $963.0K |
| TOTAL CURRENT ASSETS | $304M |
| PP&E (Net) | $1M |
| Goodwill | $0 |
| Intangible Assets | $7M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $23M |
| TOTAL ASSETS | $327M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $540.0K |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $28M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $1M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $69M |
| TOTAL NON-CURRENT LIABILITIES | $71M |
| TOTAL LIABILITIES | $98M |
| Common Stock | $10.0K |
| Additional Paid-In Capital | $386M |
| Retained Earnings | -$157M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $72.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $229M |
| Minority Interest | $0 |
| TOTAL EQUITY | $229M |
| TOTAL LIABILITIES & EQUITY | $327M |
| Total Debt | $73.0K |
| Net Debt | -$40M |
