| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $21M | $15M | $2M | 37.5% | 857.2% |
| Op. Income | -$15M | -$11M | -$24M | -30.0% | 38.0% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -74.7% | -78.9% | -1119.5% | 4.2pp | 1044.8pp |
| EPS (Diluted) | $-0.07 | $-0.05 | $-0.05 | -30.0% | -36.5% |
| Free Cash Flow | -$10M | -$7M | -$21M | -31.7% | 54.4% |
| Item | Amount |
|---|---|
| REVENUE | $21M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $21M |
| R&D Expenses | $31M |
| Selling & Marketing | $0 |
| General & Administrative | $5M |
| SG&A Expenses | $5M |
| Other Expenses | $0 |
| Operating Expenses | $36M |
| Cost & Expenses | $36M |
| OPERATING INCOME | -$15M |
| Interest Income | $437.0K |
| Interest Expense | $997.0K |
| Other Income/Expenses | -$561.0K |
| INCOME BEFORE TAX | -$15M |
| Income Tax Expense | $95.0K |
| Net Income from Continuing Ops | -$16M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$16M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$16M |
| D&A | $2M |
| EBIT | -$14M |
| EBITDA | -$12M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$16M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | $3M |
| OPERATING CASH FLOW | -$10M |
| Capital Expenditure | -$130.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$7M |
| Sales/Maturities of Investments | $21M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $13M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$167.0K |
| NET CASH FROM FINANCING | -$164.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | $3M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $29M |
| Short-Term Investments | $13M |
| Net Receivables | $16M |
| Inventory | $0 |
| Other Current Assets | $375.0K |
| TOTAL CURRENT ASSETS | $63M |
| PP&E (Net) | $27M |
| Goodwill | $5M |
| Intangible Assets | $3M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $61M |
| TOTAL NON-CURRENT ASSETS | $96M |
| TOTAL ASSETS | $159M |
| Account Payables | $17M |
| Short-Term Debt | $0 |
| Deferred Revenue | $65M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $99M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $867.0K |
| TOTAL NON-CURRENT LIABILITIES | $14M |
| TOTAL LIABILITIES | $113M |
| Common Stock | $23.0K |
| Additional Paid-In Capital | $538M |
| Retained Earnings | -$492M |
| Treasury Stock | -$517.0K |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $46M |
| Minority Interest | $0 |
| TOTAL EQUITY | $46M |
| TOTAL LIABILITIES & EQUITY | $159M |
| Total Debt | $17M |
| Net Debt | -$12M |
