| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536.1K | $361.0K | — | 48.5% | — |
| Op. Income | -$1M | -$2M | — | 34.2% | — |
| Gross Margin | 30.4% | 6.7% | — | 23.7pp | — |
| Net Margin | -233.0% | -519.0% | — | 286.0pp | — |
| EPS (Diluted) | $-0.26 | $-0.39 | — | 33.3% | — |
| Free Cash Flow | -$536.5K | — | — | — | — |
| Item | Amount |
|---|---|
| REVENUE | $536.1K |
| Cost of Revenue | $373.1K |
| GROSS PROFIT | $163.0K |
| R&D Expenses | $446.1K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $961.0K |
| Other Expenses | $0 |
| Operating Expenses | $1M |
| Cost & Expenses | $2M |
| OPERATING INCOME | -$1M |
| Interest Income | $11.3K |
| Interest Expense | $0 |
| Other Income/Expenses | -$5.0K |
| INCOME BEFORE TAX | -$1M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$1M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$1M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$1M |
| D&A | $31.6K |
| EBIT | -$1M |
| EBITDA | -$1M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$1M |
| Depreciation & Amortization | $31.6K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $669.3K |
| Change in Working Capital | $11.7K |
| OPERATING CASH FLOW | -$536.5K |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $0 |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $110.0K |
| FREE CASH FLOW | -$536.5K |
| Net Change in Cash | $2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2M |
| Short-Term Investments | $0 |
| Net Receivables | $135.3K |
| Inventory | $47.2K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $2M |
| PP&E (Net) | $889.1K |
| Goodwill | $0 |
| Intangible Assets | $499.2K |
| Long-Term Investments | $28.7K |
| Tax Assets | $0 |
| Other Non-Current Assets | $162.0K |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $4M |
| Account Payables | $372.3K |
| Short-Term Debt | $165.7K |
| Deferred Revenue | $470.5K |
| Other Current Liabilities | $346.6K |
| TOTAL CURRENT LIABILITIES | $1M |
| Long-Term Debt | $673.8K |
| Deferred Revenue NC | $50.0K |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$673.8K |
| TOTAL NON-CURRENT LIABILITIES | $723.8K |
| TOTAL LIABILITIES | $2M |
| Common Stock | $48.2K |
| Additional Paid-In Capital | $31M |
| Retained Earnings | -$30M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $4M |
| Total Debt | $2M |
| Net Debt | -$270.6K |
