| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $9M | — | $3M | — | 218.1% |
| Op. Income | -$155M | — | -$108M | — | -43.8% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -1278.6% | — | -4118.1% | — | 2839.5pp |
| EPS (Diluted) | $-1.75 | — | $-2.31 | — | 24.2% |
| Free Cash Flow | -$81M | — | -$83M | — | 2.8% |
| Item | Amount |
|---|---|
| REVENUE | $9M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $9M |
| R&D Expenses | $96M |
| Selling & Marketing | $2M |
| General & Administrative | $18M |
| SG&A Expenses | $20M |
| Other Expenses | $49M |
| Operating Expenses | $164M |
| Cost & Expenses | $164M |
| OPERATING INCOME | -$155M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | $45M |
| INCOME BEFORE TAX | -$111M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$111M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$111M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$111M |
| D&A | $1M |
| EBIT | -$109M |
| EBITDA | -$154M |
| EPS | -$2 |
| EPS Diluted | -$2 |
| Item | Amount |
|---|---|
| Net Income | -$111M |
| Depreciation & Amortization | $306.3K |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $19M |
| Change in Working Capital | $664.1K |
| OPERATING CASH FLOW | -$81M |
| Capital Expenditure | -$236.2K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $1M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$14M |
| NET CASH FROM FINANCING | -$14M |
| FREE CASH FLOW | -$81M |
| Net Change in Cash | $0 |
| Item | Amount |
|---|---|
| Cash & Equivalents | $169M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $0 |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $200M |
| PP&E (Net) | $3M |
| Goodwill | $22M |
| Intangible Assets | $8M |
| Long-Term Investments | $147.3K |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $40M |
| TOTAL ASSETS | $240M |
| Account Payables | $51M |
| Short-Term Debt | $50M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $622.0K |
| TOTAL CURRENT LIABILITIES | $109M |
| Long-Term Debt | $61M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $21M |
| TOTAL NON-CURRENT LIABILITIES | $84M |
| TOTAL LIABILITIES | $192M |
| Common Stock | $740.1K |
| Additional Paid-In Capital | $560M |
| Retained Earnings | -$513M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$87.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $47M |
| Minority Interest | $0 |
| TOTAL EQUITY | $47M |
| TOTAL LIABILITIES & EQUITY | $240M |
| Total Debt | $114M |
| Net Debt | -$55M |
