| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $665.0K | $566.0K | 226.5% | 283.6% |
| Op. Income | -$36M | -$37M | -$31M | 1.3% | -15.5% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -1571.9% | -5384.8% | -5325.4% | 3812.9pp | 3753.5pp |
| EPS (Diluted) | $-0.26 | $-0.30 | $-0.32 | 13.3% | 18.8% |
| Free Cash Flow | -$39M | -$28M | -$30M | -38.2% | -30.5% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $30M |
| Selling & Marketing | $0 |
| General & Administrative | $8M |
| SG&A Expenses | $8M |
| Other Expenses | $176.0K |
| Operating Expenses | $38M |
| Cost & Expenses | $38M |
| OPERATING INCOME | -$36M |
| Interest Income | $3M |
| Interest Expense | $679.0K |
| Other Income/Expenses | $2M |
| 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 | $678.0K |
| EBIT | -$33M |
| EBITDA | -$33M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$34M |
| Depreciation & Amortization | $678.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$6M |
| OPERATING CASH FLOW | -$38M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$61M |
| Sales/Maturities of Investments | $76M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $14M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$525.0K |
| NET CASH FROM FINANCING | -$525.0K |
| FREE CASH FLOW | -$39M |
| Net Change in Cash | -$25M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $154M |
| Short-Term Investments | $98M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $3M |
| TOTAL CURRENT ASSETS | $255M |
| PP&E (Net) | $71M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $78M |
| TOTAL ASSETS | $333M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $2M |
| TOTAL CURRENT LIABILITIES | $30M |
| Long-Term Debt | $32M |
| Deferred Revenue NC | $501.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $124.0K |
| TOTAL NON-CURRENT LIABILITIES | $93M |
| TOTAL LIABILITIES | $123M |
| Common Stock | $6.0K |
| Additional Paid-In Capital | $619M |
| Retained Earnings | -$409M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$4.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $210M |
| Minority Interest | $0 |
| TOTAL EQUITY | $210M |
| TOTAL LIABILITIES & EQUITY | $333M |
| Total Debt | $97M |
| Net Debt | -$57M |
