| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $640.9K | $2M | $1M | -66.7% | -52.1% |
| Op. Income | -$13M | -$15M | -$24M | 17.0% | 45.9% |
| Gross Margin | -705.8% | -287.3% | -455.7% | -418.5pp | -250.1pp |
| Net Margin | -3221.0% | -1100.3% | -2177.0% | -2120.7pp | -1044.1pp |
| EPS (Diluted) | $-4.68 | $-10.75 | $-24.09 | 56.5% | 80.6% |
| Free Cash Flow | -$8M | -$8M | -$21M | -8.8% | 61.1% |
| Item | Amount |
|---|---|
| REVENUE | $640.9K |
| Cost of Revenue | $5M |
| GROSS PROFIT | -$5M |
| R&D Expenses | $2M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $0 |
| Other Expenses | $7M |
| Operating Expenses | $8M |
| Cost & Expenses | $13M |
| OPERATING INCOME | -$13M |
| Interest Income | $0 |
| Interest Expense | $5M |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$21M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$21M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$21M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$21M |
| D&A | $2M |
| EBIT | -$13M |
| EBITDA | -$11M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$21M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $751.4K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $8M |
| Change in Working Capital | $2M |
| OPERATING CASH FLOW | -$8M |
| Capital Expenditure | -$17.9K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$17.9K |
| Net Debt Issuance | $34M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $23.4K |
| NET CASH FROM FINANCING | $34M |
| FREE CASH FLOW | -$8M |
| Net Change in Cash | $26M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $3M |
| Short-Term Investments | $0 |
| Net Receivables | $166.8K |
| Inventory | $41M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $38M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $416.3K |
| TOTAL NON-CURRENT ASSETS | $38M |
| TOTAL ASSETS | $115M |
| Account Payables | $11M |
| Short-Term Debt | $45M |
| Deferred Revenue | $6M |
| Other Current Liabilities | $13M |
| TOTAL CURRENT LIABILITIES | $80M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1 |
| TOTAL NON-CURRENT LIABILITIES | $4M |
| TOTAL LIABILITIES | $84M |
| Common Stock | $5.8K |
| Additional Paid-In Capital | $905M |
| Retained Earnings | -$874M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $31M |
| Minority Interest | $0 |
| TOTAL EQUITY | $31M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $51M |
| Net Debt | $48M |
