| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $100M | $65M | $60M | 53.9% | 65.9% |
| Op. Income | -$6M | -$17M | -$5M | 60.9% | -42.8% |
| Gross Margin | 28.7% | 24.4% | 35.7% | 4.2pp | -7.1pp |
| Net Margin | -119.4% | -27.3% | -22.9% | -92.1pp | -96.4pp |
| EPS (Diluted) | $-2.60 | $-0.42 | $-0.38 | -519.0% | -584.2% |
| Free Cash Flow | -$53M | -$20M | -$8M | -159.2% | -559.4% |
| Item | Amount |
|---|---|
| REVENUE | $100M |
| Cost of Revenue | $72M |
| GROSS PROFIT | $29M |
| R&D Expenses | $17M |
| Selling & Marketing | $4M |
| General & Administrative | $15M |
| SG&A Expenses | $18M |
| Other Expenses | $0 |
| Operating Expenses | $35M |
| Cost & Expenses | $107M |
| OPERATING INCOME | -$6M |
| Interest Income | $365.0K |
| Interest Expense | $2M |
| Other Income/Expenses | -$113M |
| INCOME BEFORE TAX | -$120M |
| Income Tax Expense | $2.0K |
| Net Income from Continuing Ops | -$120M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$120M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$120M |
| D&A | $5M |
| EBIT | -$118M |
| EBITDA | -$113M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$120M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $112M |
| Change in Working Capital | -$26M |
| OPERATING CASH FLOW | -$25M |
| Capital Expenditure | -$29M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$891.0K |
| NET CASH FROM INVESTING | -$29M |
| Net Debt Issuance | $3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$1M |
| NET CASH FROM FINANCING | $90M |
| FREE CASH FLOW | -$53M |
| Net Change in Cash | $38M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $117M |
| Inventory | $88M |
| Other Current Assets | $29M |
| TOTAL CURRENT ASSETS | $301M |
| PP&E (Net) | $229M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $246M |
| TOTAL ASSETS | $547M |
| Account Payables | $105M |
| Short-Term Debt | $42M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $4M |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $139M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $148M |
| TOTAL LIABILITIES | $318M |
| Common Stock | $49.0K |
| Additional Paid-In Capital | $683M |
| Retained Earnings | -$452M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $229M |
| Minority Interest | $0 |
| TOTAL EQUITY | $229M |
| TOTAL LIABILITIES & EQUITY | $547M |
| Total Debt | $191M |
| Net Debt | $123M |
