| Metric | Q1 2025 | Q4 2024 | Q1 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $27M | $31M | $10M | -12.6% | 170.3% |
| Op. Income | -$26M | -$22M | -$38M | -15.3% | 32.2% |
| Gross Margin | 100.0% | 100.0% | 100.0% | 0.0pp | 0.0pp |
| Net Margin | -83.5% | -75.8% | -315.6% | -7.7pp | 232.1pp |
| EPS (Diluted) | $-0.30 | $-0.31 | $-0.42 | 3.2% | 28.6% |
| Free Cash Flow | -$4M | -$42M | -$38M | 91.0% | 90.2% |
| Item | Amount |
|---|---|
| REVENUE | $27M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $27M |
| R&D Expenses | $36M |
| Selling & Marketing | $0 |
| General & Administrative | $17M |
| SG&A Expenses | $17M |
| Other Expenses | -$15.0K |
| Operating Expenses | $53M |
| Cost & Expenses | $53M |
| OPERATING INCOME | -$26M |
| Interest Income | $3M |
| Interest Expense | $0 |
| Other Income/Expenses | $3M |
| INCOME BEFORE TAX | -$22M |
| Income Tax Expense | $496.0K |
| NET INCOME | -$23M |
| D&A | $3M |
| EBIT | -$26M |
| EBITDA | -$22M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$23M |
| Depreciation & Amortization | $3M |
| Stock-Based Compensation | $6M |
| Deferred Income Tax | -$410.0K |
| Other Non-Cash Items | -$32.0K |
| Change in Working Capital | $10M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$338.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$34M |
| Sales/Maturities of Investments | $47M |
| Other Investing Activities | -$322.0K |
| NET CASH FROM INVESTING | $12M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $1M |
| NET CASH FROM FINANCING | $1M |
| FREE CASH FLOW | -$4M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $76M |
| Short-Term Investments | $189M |
| Net Receivables | $25M |
| Inventory | $0 |
| Other Current Assets | $17M |
| TOTAL CURRENT ASSETS | $306M |
| PP&E (Net) | $33M |
| Goodwill | $12M |
| Intangible Assets | $3M |
| Long-Term Investments | $56M |
| Tax Assets | $5M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $119M |
| TOTAL ASSETS | $426M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $23M |
| Other Current Liabilities | $3M |
| TOTAL CURRENT LIABILITIES | $65M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $5M |
| Other Non-Current Liabilities | $828.0K |
| TOTAL NON-CURRENT LIABILITIES | $35M |
| TOTAL LIABILITIES | $101M |
| Common Stock | $1.0B |
| Additional Paid-In Capital | $154M |
| Retained Earnings | -$853M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $325M |
| Minority Interest | $0 |
| TOTAL EQUITY | $325M |
| TOTAL LIABILITIES & EQUITY | $426M |
| Total Debt | $18M |
| Net Debt | -$58M |
