| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $159M | $23M | $4M | 601.2% | 3661.1% |
| Op. Income | $111M | -$14M | -$28M | 914.8% | 492.1% |
| Gross Margin | 100.0% | 100.0% | 73.6% | 0.0pp | 26.4pp |
| Net Margin | 71.2% | -46.4% | -625.6% | 117.5pp | 696.8pp |
| EPS (Diluted) | $1.90 | $-0.18 | $-0.57 | 1155.6% | 433.3% |
| Free Cash Flow | $132M | -$23M | -$25M | 666.7% | 635.7% |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $159M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $477.0K |
| EBIT | $111M |
| EBITDA | $112M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $159M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $159M |
| R&D Expenses | $33M |
| Selling & Marketing | $0 |
| General & Administrative | $15M |
| SG&A Expenses | $15M |
| Other Expenses | $0 |
| Operating Expenses | $47M |
| Cost & Expenses | $47M |
| OPERATING INCOME | $111M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | $114M |
| Income Tax Expense | $1M |
| Net Income from Continuing Ops | $113M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $113M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $113M |
| D&A | $477.0K |
| EBIT | $111M |
| EBITDA | $112M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $113M |
| Depreciation & Amortization | $477.0K |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $105.0K |
| Change in Working Capital | $12M |
| OPERATING CASH FLOW | $132M |
| Capital Expenditure | -$152.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$19M |
| Sales/Maturities of Investments | $33M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | $132M |
| Net Change in Cash | $147M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $275M |
| Short-Term Investments | $83M |
| Net Receivables | $606.0K |
| Inventory | $0 |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $376M |
| PP&E (Net) | $7M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $23M |
| Tax Assets | $0 |
| Other Non-Current Assets | $721.0K |
| TOTAL NON-CURRENT ASSETS | $31M |
| TOTAL ASSETS | $407M |
| Account Payables | $2M |
| Short-Term Debt | $0 |
| Deferred Revenue | $18M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $45M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $10M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $12M |
| TOTAL LIABILITIES | $57M |
| Common Stock | $5.0K |
| Additional Paid-In Capital | $728M |
| Retained Earnings | -$378M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$104.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $350M |
| Minority Interest | $0 |
| TOTAL EQUITY | $350M |
| TOTAL LIABILITIES & EQUITY | $407M |
| Total Debt | $2M |
| Net Debt | -$272M |
