### Financial Metrics Overview
- Revenue: $120.70 million, YoY decrease of 3.04%, QoQ increase of 3.99%.
- Gross Profit: $86.53 million, reflecting a gross profit margin of 71.69%.
- Operating Income: -$1.02 billion (operating income ratio: -8.42%), indicative of high operating expenses.
- Net Income: -$670.81 million, a staggering YoY drop of 852.65% and a QoQ decline of 97.20%.
- EPS: -$3.03, down 622.41% YoY.
Despite improvements in revenue quarter-over-quarter, the significant losses paint a concerning picture of the company's operational efficiency and cost management. The firm's declining net income indicates vulnerabilities in both revenue generation and expense controls, putting pressure on its financial sustainability.