| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $3M | $2M | -5.9% | -2.1% |
| Op. Income | -$16M | -$22M | -$21M | 28.6% | 24.8% |
| Gross Margin | 61.2% | 54.2% | 33.1% | 7.0pp | 28.1pp |
| Net Margin | -692.8% | -856.2% | -601.9% | 163.4pp | -90.9pp |
| EPS (Diluted) | $-2.84 | $-9.77 | $-576.00 | 70.9% | 99.5% |
| Free Cash Flow | -$17M | -$15M | -$18M | -13.3% | 6.2% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $943.0K |
| GROSS PROFIT | $1M |
| R&D Expenses | $7M |
| Selling & Marketing | $0 |
| General & Administrative | $10M |
| SG&A Expenses | $10M |
| Other Expenses | $0 |
| Operating Expenses | $18M |
| Cost & Expenses | $18M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$775.0K |
| INCOME BEFORE TAX | -$17M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $493.0K |
| EBIT | -$17M |
| EBITDA | -$16M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $493.0K |
| Stock-Based Compensation | $882.0K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$17M |
| Capital Expenditure | -$6.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$6.0K |
| Net Debt Issuance | -$10M |
| Common Stock Repurchased | -$3M |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $50M |
| FREE CASH FLOW | -$17M |
| Net Change in Cash | $33M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $132M |
| Short-Term Investments | $0 |
| Net Receivables | $5M |
| Inventory | $8M |
| Other Current Assets | $5M |
| TOTAL CURRENT ASSETS | $150M |
| PP&E (Net) | $42M |
| Goodwill | $0 |
| Intangible Assets | $120.0K |
| Long-Term Investments | $903.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $7.0K |
| TOTAL NON-CURRENT ASSETS | $43M |
| TOTAL ASSETS | $193M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $2M |
| Other Current Liabilities | $1M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $328.0K |
| TOTAL LIABILITIES | $12M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $928M |
| Retained Earnings | -$748M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$266.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $180M |
| Minority Interest | $0 |
| TOTAL EQUITY | $180M |
| TOTAL LIABILITIES & EQUITY | $193M |
| Total Debt | $563.0K |
| Net Debt | -$131M |
