| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $59M | $102M | -$43M | -42.2% | 237.4% |
| Op. Income | -$58M | -$60M | -$165M | 3.5% | 64.8% |
| Gross Margin | 100.0% | 100.0% | 103.9% | 0.0pp | -3.9pp |
| Net Margin | -76.2% | -48.0% | 359.2% | -28.1pp | -435.3pp |
| EPS (Diluted) | $-0.63 | $-0.68 | $-2.53 | 7.4% | 75.1% |
| Free Cash Flow | -$84M | -$129M | -$83M | 34.4% | -1.4% |
| Item | Amount |
|---|---|
| REVENUE | $59M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $59M |
| R&D Expenses | $83M |
| Selling & Marketing | $0 |
| General & Administrative | $34M |
| SG&A Expenses | $34M |
| Other Expenses | $0 |
| Operating Expenses | $117M |
| Cost & Expenses | $117M |
| OPERATING INCOME | -$58M |
| Interest Income | $13M |
| Interest Expense | $0 |
| Other Income/Expenses | $13M |
| INCOME BEFORE TAX | -$46M |
| Income Tax Expense | -$400.0K |
| Net Income from Continuing Ops | -$45M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$45M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$45M |
| D&A | $2M |
| EBIT | -$58M |
| EBITDA | -$57M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $23M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | -$84M |
| Capital Expenditure | -$300.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$51M |
| Sales/Maturities of Investments | $151M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $99M |
| Net Debt Issuance | -$100.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $600.0K |
| NET CASH FROM FINANCING | $500.0K |
| FREE CASH FLOW | -$84M |
| Net Change in Cash | $15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $101M |
| Short-Term Investments | $939M |
| Net Receivables | $14M |
| Inventory | $0 |
| Other Current Assets | $14M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $16M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $8M |
| TOTAL NON-CURRENT ASSETS | $24M |
| TOTAL ASSETS | $1.1B |
| Account Payables | $13M |
| Short-Term Debt | $0 |
| Deferred Revenue | $156M |
| Other Current Liabilities | $22M |
| TOTAL CURRENT LIABILITIES | $230M |
| Long-Term Debt | $600.0K |
| Deferred Revenue NC | $292M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $300M |
| TOTAL LIABILITIES | $530M |
| Common Stock | $100.0K |
| Additional Paid-In Capital | $2.1B |
| Retained Earnings | -$1.5B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $1M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $562M |
| Minority Interest | $0 |
| TOTAL EQUITY | $562M |
| TOTAL LIABILITIES & EQUITY | $1.1B |
| Total Debt | $10M |
| Net Debt | -$91M |
