| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $106M | $109M | $87M | -2.4% | 22.2% |
| Op. Income | -$56M | -$68M | -$70M | 17.1% | 19.9% |
| Gross Margin | 63.7% | 61.4% | 61.4% | 2.3pp | 2.3pp |
| Net Margin | -45.5% | -74.9% | -61.4% | 29.4pp | 15.9pp |
| EPS (Diluted) | $-0.45 | $-0.80 | $-5.50 | 43.8% | 91.8% |
| Free Cash Flow | -$66M | -$74M | -$103M | 10.8% | 36.4% |
| Item | Amount |
|---|---|
| REVENUE | $106M |
| Cost of Revenue | $39M |
| GROSS PROFIT | $68M |
| R&D Expenses | $61M |
| Selling & Marketing | $0 |
| General & Administrative | $63M |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $124M |
| Cost & Expenses | $163M |
| OPERATING INCOME | -$56M |
| Interest Income | $9M |
| Interest Expense | $1M |
| Other Income/Expenses | $8M |
| INCOME BEFORE TAX | -$48M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$48M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$48M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$48M |
| D&A | $3M |
| EBIT | -$47M |
| EBITDA | -$44M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$48M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $16M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$35M |
| OPERATING CASH FLOW | -$62M |
| Capital Expenditure | -$4M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $330M |
| Other Investing Activities | -$2M |
| NET CASH FROM INVESTING | $326M |
| Net Debt Issuance | $41M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $43M |
| FREE CASH FLOW | -$66M |
| Net Change in Cash | $308M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $757M |
| Short-Term Investments | $0 |
| Net Receivables | $88M |
| Inventory | $53M |
| Other Current Assets | $144M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $69M |
| Goodwill | $0 |
| Intangible Assets | $59M |
| Long-Term Investments | $1M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $131M |
| TOTAL ASSETS | $1.2B |
| Account Payables | $103M |
| Short-Term Debt | $173M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $320M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $30M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $325.0K |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $363M |
| Common Stock | $7.0K |
| Additional Paid-In Capital | $3.3B |
| Retained Earnings | -$2.5B |
| Treasury Stock | -$21M |
| Accum. Other Comp. Income | $49M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $811M |
| Minority Interest | $0 |
| TOTAL EQUITY | $811M |
| TOTAL LIABILITIES & EQUITY | $1.2B |
| Total Debt | $192M |
| Net Debt | -$565M |
