| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $20M | $25M | $19M | -17.5% | 7.8% |
| Op. Income | -$37M | -$28M | -$26M | -33.5% | -43.4% |
| Gross Margin | 88.5% | 89.9% | 90.8% | -1.4pp | -2.3pp |
| Net Margin | -216.5% | -152.7% | -171.9% | -63.8pp | -44.6pp |
| EPS (Diluted) | $-0.92 | $-0.80 | $-0.97 | -15.0% | 5.2% |
| Free Cash Flow | -$42M | -$14M | -$32M | -206.3% | -32.6% |
| Item | Amount |
|---|---|
| REVENUE | $20M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $18M |
| R&D Expenses | $20M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $35M |
| Other Expenses | $0 |
| Operating Expenses | $55M |
| Cost & Expenses | $57M |
| OPERATING INCOME | -$37M |
| Interest Income | $2M |
| Interest Expense | $4M |
| Other Income/Expenses | -$7M |
| INCOME BEFORE TAX | -$43M |
| Income Tax Expense | $392.0K |
| NET INCOME | -$44M |
| D&A | $497.0K |
| EBIT | -$39M |
| EBITDA | -$39M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$44M |
| Depreciation & Amortization | $497.0K |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $839.0K |
| Change in Working Capital | -$3M |
| OPERATING CASH FLOW | -$42M |
| Capital Expenditure | -$44.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$66M |
| Sales/Maturities of Investments | $40M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$26M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $34.0K |
| FREE CASH FLOW | -$42M |
| Net Change in Cash | -$68M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $104M |
| Short-Term Investments | $92M |
| Net Receivables | $20M |
| Inventory | $8M |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $237M |
| PP&E (Net) | $5M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $5M |
| Tax Assets | $0 |
| Other Non-Current Assets | $547.0K |
| TOTAL NON-CURRENT ASSETS | $10M |
| TOTAL ASSETS | $248M |
| Account Payables | $15M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $12M |
| TOTAL CURRENT LIABILITIES | $42M |
| Long-Term Debt | $122M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $127M |
| TOTAL NON-CURRENT LIABILITIES | $252M |
| TOTAL LIABILITIES | $294M |
| Common Stock | $126.0K |
| Additional Paid-In Capital | $803M |
| Retained Earnings | -$850M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $14.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$46M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$46M |
| TOTAL LIABILITIES & EQUITY | $248M |
| Total Debt | $125M |
| Net Debt | $21M |
