| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $71M | $45M | $14M | 59.4% | 427.6% |
| Op. Income | -$8M | -$39M | -$61M | 80.5% | 87.5% |
| Gross Margin | 90.3% | 87.7% | 83.4% | 2.6pp | 6.9pp |
| Net Margin | -15.1% | -92.8% | -490.0% | 77.7pp | 474.9pp |
| EPS (Diluted) | $-0.09 | $-0.33 | $-0.72 | 73.0% | 87.6% |
| Free Cash Flow | -$6M | -$35M | -$56M | 83.5% | 89.8% |
| Item | Amount |
|---|---|
| REVENUE | $71M |
| Cost of Revenue | $7M |
| GROSS PROFIT | $64M |
| R&D Expenses | $14M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $58M |
| Other Expenses | $0 |
| Operating Expenses | $72M |
| Cost & Expenses | $79M |
| OPERATING INCOME | -$8M |
| Interest Income | $0 |
| Interest Expense | $6M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$10M |
| Income Tax Expense | $323.0K |
| Net Income from Continuing Ops | -$11M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $458.0K |
| EBIT | -$5M |
| EBITDA | -$4M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $458.0K |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $2M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$748.0K |
| Capital Expenditure | -$5M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$17M |
| Sales/Maturities of Investments | $57M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $35M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$97M |
| NET CASH FROM FINANCING | -$97M |
| FREE CASH FLOW | -$6M |
| Net Change in Cash | -$64M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $71M |
| Short-Term Investments | $157M |
| Net Receivables | $73M |
| Inventory | $15M |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $336M |
| PP&E (Net) | $3M |
| Goodwill | $0 |
| Intangible Assets | $9M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $596.0K |
| TOTAL NON-CURRENT ASSETS | $13M |
| TOTAL ASSETS | $349M |
| Account Payables | $14M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $21M |
| TOTAL CURRENT LIABILITIES | $81M |
| Long-Term Debt | $107M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $570.0K |
| TOTAL NON-CURRENT LIABILITIES | $110M |
| TOTAL LIABILITIES | $191M |
| Common Stock | $12.0K |
| Additional Paid-In Capital | $1.3B |
| Retained Earnings | -$1.1B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $158M |
| Minority Interest | $0 |
| TOTAL EQUITY | $158M |
| TOTAL LIABILITIES & EQUITY | $349M |
| Total Debt | $111M |
| Net Debt | $39M |
