Net Cash Used in Operating Activities

Increased from (3,165)K to (13,469)K (+325% YoY)

The steep increase in operating cash usage indicates a substantial rise in operating outflows; underlying factors likely include higher operational spending, increased noncash adjustments, and amplified losses compared to Q4 2023, forcing the company to consume far more cash from operations. " "

Net Cash Used in Investing Activities

Shifted from (–121)K to 18,197K thousand USD

The dramatic change reflects a move from minimal investing outlays to significant cash deployment, likely driven by new investments in marketable securities and higher property and equipment expenditures compared to the prior period, resulting in a net increase in cash by 5,332K USD. " "

Operating Expenses

Rose from 171K to 15,379K thousand USD (8,900% YoY)

The enormous surge in operating expenses is driven by sharply increased spending in areas like R&D and G&A, as seen in prior periods’ trend of escalating payroll costs, stock-based compensation, and professional services, indicating a massive scale-up in operational investments. " "

Net Loss

Expanded from 2,576K to 12,344K thousand USD (≈379% YoY)

The significant widening of net loss mirrors the jump in operating expenses, where the company’s increased spending outstripped its income, reflecting intensified product development and administrative costs that worsen losses compared to Q4 2023. " "

Total Assets

Declined from 305,619K to 281,736K thousand USD (–7.8% YoY)

The decline in total assets suggests some asset write-offs or liquidity uses that reduced the overall asset base, likely due to increased cash spending and reallocation of resources relative to the prior period's stronger balance sheet. " "

Total Liabilities

Jumped from 10,583K to 30,879K thousand USD (+192% YoY)

The substantial increase in liabilities reflects the assumption of new financial obligations, potentially from financing activities or new liabilities arrangements, greatly altering the company’s capital structure compared to Q4 2023. " "