| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $593M | $501M | $440M | 18.4% | 34.9% |
| Op. Income | -$105M | -$77M | -$116M | -36.7% | 9.7% |
| Gross Margin | 82.7% | 82.9% | 80.5% | -0.2pp | 2.2pp |
| Net Margin | -14.1% | -22.3% | -31.4% | 8.2pp | 17.2pp |
| EPS (Diluted) | $-0.65 | $-0.87 | $-1.10 | 25.3% | 40.9% |
| Free Cash Flow | -$104M | $40M | -$45M | -362.6% | -130.0% |
| Item | Amount |
|---|---|
| REVENUE | $593M |
| Cost of Revenue | $103M |
| GROSS PROFIT | $490M |
| R&D Expenses | $300M |
| Selling & Marketing | $0 |
| General & Administrative | $295M |
| SG&A Expenses | $295M |
| Other Expenses | $0 |
| Operating Expenses | $596M |
| Cost & Expenses | $698M |
| OPERATING INCOME | -$105M |
| Interest Income | $31M |
| Interest Expense | $39M |
| Other Income/Expenses | -$89M |
| INCOME BEFORE TAX | -$194M |
| Income Tax Expense | -$110M |
| Net Income from Continuing Ops | -$84M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$84M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$84M |
| D&A | $14M |
| EBIT | -$155M |
| EBITDA | -$141M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$84M |
| Depreciation & Amortization | -$21M |
| Stock-Based Compensation | $92M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$8M |
| Change in Working Capital | -$74M |
| OPERATING CASH FLOW | -$95M |
| Capital Expenditure | -$9M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$487M |
| Sales/Maturities of Investments | $443M |
| Other Investing Activities | -$117.0K |
| NET CASH FROM INVESTING | -$53M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$5M |
| NET CASH FROM FINANCING | $31M |
| FREE CASH FLOW | -$104M |
| Net Change in Cash | -$134M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $966M |
| Short-Term Investments | $1.7B |
| Net Receivables | $405M |
| Inventory | $79M |
| Other Current Assets | $117M |
| TOTAL CURRENT ASSETS | $3.3B |
| PP&E (Net) | $694M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $117M |
| Other Non-Current Assets | $134M |
| TOTAL NON-CURRENT ASSETS | $945M |
| TOTAL ASSETS | $4.2B |
| Account Payables | $88M |
| Short-Term Debt | $113M |
| Deferred Revenue | $55M |
| Other Current Liabilities | $214M |
| TOTAL CURRENT LIABILITIES | $1.2B |
| Long-Term Debt | $2.4B |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $398M |
| TOTAL NON-CURRENT LIABILITIES | $3.0B |
| TOTAL LIABILITIES | $4.2B |
| Common Stock | $1M |
| Additional Paid-In Capital | $7.4B |
| Retained Earnings | -$7.3B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$35M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $67M |
| Minority Interest | $0 |
| TOTAL EQUITY | $67M |
| TOTAL LIABILITIES & EQUITY | $4.2B |
| Total Debt | $2.7B |
| Net Debt | $1.8B |
