| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $983.0K | $655.0K | $0 | 50.1% | — |
| Op. Income | -$10M | -$9M | -$9M | -11.2% | -4.6% |
| Gross Margin | 100.0% | 100.0% | — | 0.0pp | — |
| Net Margin | -2743.6% | -4280.8% | — | 1537.1pp | — |
| EPS (Diluted) | $-7.43 | $-9.00 | $-4.24 | 17.4% | -75.2% |
| Free Cash Flow | -$9M | $3M | -$9M | -368.8% | -6.3% |
| Item | Amount |
|---|---|
| REVENUE | $983.0K |
| Cost of Revenue | $0 |
| GROSS PROFIT | $983.0K |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $4M |
| SG&A Expenses | $4M |
| Other Expenses | $0 |
| Operating Expenses | $11M |
| Cost & Expenses | $11M |
| OPERATING INCOME | -$10M |
| Interest Income | $296.0K |
| Interest Expense | $0 |
| Other Income/Expenses | -$17M |
| INCOME BEFORE TAX | -$27M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$27M |
| D&A | $294.0K |
| EBIT | -$10M |
| EBITDA | -$9M |
| EPS | -$7 |
| EPS Diluted | -$7 |
| Item | Amount |
|---|---|
| Net Income | -$27M |
| Depreciation & Amortization | $294.0K |
| Stock-Based Compensation | $834.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$1M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$27.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$27.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $76M |
| FREE CASH FLOW | -$9M |
| Net Change in Cash | $67M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $102M |
| Short-Term Investments | $0 |
| Net Receivables | $3M |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $106M |
| PP&E (Net) | $8M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $101.0K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $115M |
| Account Payables | $302.0K |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $253.0K |
| TOTAL CURRENT LIABILITIES | $11M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $92M |
| TOTAL NON-CURRENT LIABILITIES | $99M |
| TOTAL LIABILITIES | $109M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $318M |
| Retained Earnings | -$312M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $6M |
| Minority Interest | $0 |
| TOTAL EQUITY | $6M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $8M |
| Net Debt | -$94M |
