| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $3M | $12M | $56M | -75.5% | -94.6% |
| Op. Income | -$140M | -$117M | -$80M | -19.1% | -74.3% |
| Gross Margin | -3779.1% | -617.5% | -74.8% | -3161.6pp | -3704.3pp |
| Net Margin | -3989.6% | -845.2% | -115.8% | -3144.4pp | -3873.8pp |
| EPS (Diluted) | $-0.88 | $-0.76 | $-0.48 | -15.8% | -83.3% |
| Free Cash Flow | -$80M | -$90M | -$111M | 11.4% | 28.3% |
| Item | Amount |
|---|---|
| REVENUE | $3M |
| Cost of Revenue | $118M |
| GROSS PROFIT | -$115M |
| R&D Expenses | $119M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | -$94M |
| Operating Expenses | $25M |
| Cost & Expenses | $143M |
| OPERATING INCOME | -$140M |
| Interest Income | $12M |
| Interest Expense | $0 |
| Other Income/Expenses | $19M |
| INCOME BEFORE TAX | -$121M |
| Income Tax Expense | $16.0K |
| Net Income from Continuing Ops | -$121M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$121M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$121M |
| D&A | $3M |
| EBIT | -$139M |
| EBITDA | -$136M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$121M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $14M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $26M |
| OPERATING CASH FLOW | -$78M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$174M |
| Sales/Maturities of Investments | $302M |
| Other Investing Activities | $281.0K |
| NET CASH FROM INVESTING | $127M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $598.0K |
| FREE CASH FLOW | -$80M |
| Net Change in Cash | $49M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $274M |
| Short-Term Investments | $528M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $131M |
| TOTAL CURRENT ASSETS | $932M |
| PP&E (Net) | $120M |
| Goodwill | $17M |
| Intangible Assets | $8M |
| Long-Term Investments | $218M |
| Tax Assets | $0 |
| Other Non-Current Assets | $12M |
| TOTAL NON-CURRENT ASSETS | $376M |
| TOTAL ASSETS | $1.3B |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $12M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $137M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $38M |
| TOTAL NON-CURRENT LIABILITIES | $127M |
| TOTAL LIABILITIES | $264M |
| Common Stock | $14.0K |
| Additional Paid-In Capital | $1.9B |
| Retained Earnings | -$881M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.0B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.0B |
| TOTAL LIABILITIES & EQUITY | $1.3B |
| Total Debt | $96M |
| Net Debt | -$177M |
