| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $23M | — | $12M | — | 97.9% |
| Op. Income | -$83M | — | -$78M | — | -6.5% |
| Gross Margin | 91.1% | — | 84.4% | — | 6.7pp |
| Net Margin | -362.3% | — | -660.0% | — | 297.7pp |
| EPS (Diluted) | $-1.06 | — | $-1.05 | — | -1.1% |
| Free Cash Flow | $34M | — | -$54M | — | 163.6% |
| Item | Amount |
|---|---|
| REVENUE | $23M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $21M |
| R&D Expenses | $74M |
| Selling & Marketing | $16M |
| General & Administrative | $15M |
| SG&A Expenses | $30M |
| Other Expenses | $0 |
| Operating Expenses | $104M |
| Cost & Expenses | $106M |
| OPERATING INCOME | -$83M |
| Interest Income | $208.9K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$82M |
| Income Tax Expense | $2M |
| Net Income from Continuing Ops | -$83M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$83M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$83M |
| D&A | $6M |
| EBIT | -$83M |
| EBITDA | -$77M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$83M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $97M |
| Change in Working Capital | $13M |
| OPERATING CASH FLOW | $36M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | -$1M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$31M |
| NET CASH FROM INVESTING | -$34M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$12M |
| NET CASH FROM FINANCING | -$12M |
| FREE CASH FLOW | $34M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $181M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $963.9K |
| Other Current Assets | $4M |
| TOTAL CURRENT ASSETS | $215M |
| PP&E (Net) | $132M |
| Goodwill | $4M |
| Intangible Assets | $11M |
| Long-Term Investments | $5M |
| Tax Assets | $6M |
| Other Non-Current Assets | $9M |
| TOTAL NON-CURRENT ASSETS | $167M |
| TOTAL ASSETS | $383M |
| Account Payables | $13M |
| Short-Term Debt | $112M |
| Deferred Revenue | $8M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $170M |
| Long-Term Debt | $127M |
| Deferred Revenue NC | $40M |
| Deferred Tax Liabilities | $784.3K |
| Other Non-Current Liabilities | $916.7K |
| TOTAL NON-CURRENT LIABILITIES | $172M |
| TOTAL LIABILITIES | $342M |
| Common Stock | $31.3K |
| Additional Paid-In Capital | $956M |
| Retained Earnings | -$843M |
| Treasury Stock | -$1.2K |
| Accum. Other Comp. Income | -$75M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $39M |
| Minority Interest | $1M |
| TOTAL EQUITY | $40M |
| TOTAL LIABILITIES & EQUITY | $383M |
| Total Debt | $244M |
| Net Debt | $63M |
