| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $7M | $7M | $5M | -1.3% | 33.5% |
| Op. Income | -$15M | -$19M | -$20M | 19.7% | 22.0% |
| Gross Margin | 89.4% | -109.1% | -166.1% | 198.5pp | 255.5pp |
| Net Margin | 1021.9% | -252.4% | -341.7% | 1274.3pp | 1363.6pp |
| EPS (Diluted) | $1.83 | $-0.67 | $-0.68 | 373.1% | 369.1% |
| Free Cash Flow | -$12M | -$15M | -$20M | 18.5% | 39.1% |
| Item | Amount |
|---|---|
| REVENUE | $7M |
| Cost of Revenue | $760.0K |
| GROSS PROFIT | $6M |
| R&D Expenses | $9M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $13M |
| Other Expenses | $0 |
| Operating Expenses | $22M |
| Cost & Expenses | $22M |
| OPERATING INCOME | -$15M |
| Interest Income | $791.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $88M |
| INCOME BEFORE TAX | $73M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | $73M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $73M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $73M |
| D&A | $48.3K |
| EBIT | -$15M |
| EBITDA | -$15M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $73M |
| Depreciation & Amortization | $57.0K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$87M |
| Change in Working Capital | $733.0K |
| OPERATING CASH FLOW | -$12M |
| Capital Expenditure | -$551.0K |
| Acquisitions (Net) | $101M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $15M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $115M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $95M |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | $199M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $228M |
| Short-Term Investments | $3M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $2M |
| TOTAL CURRENT ASSETS | $233M |
| PP&E (Net) | $25.0K |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $1M |
| TOTAL NON-CURRENT ASSETS | $1M |
| TOTAL ASSETS | $234M |
| Account Payables | $4M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $524.0K |
| 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 | $0 |
| TOTAL LIABILITIES | $12M |
| Common Stock | $4.0K |
| Additional Paid-In Capital | $481M |
| Retained Earnings | -$260M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $222M |
| Minority Interest | $0 |
| TOTAL EQUITY | $222M |
| TOTAL LIABILITIES & EQUITY | $234M |
| Total Debt | $0 |
| Net Debt | -$228M |
