| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $203M | $68M | $161M | 200.7% | 26.3% |
| Op. Income | $447.8K | -$113M | -$43M | 100.4% | 101.0% |
| Gross Margin | 91.9% | 80.6% | 85.9% | 11.3pp | 6.1pp |
| Net Margin | -22.1% | -171.5% | -63.1% | 149.4pp | 41.0pp |
| EPS (Diluted) | $-0.75 | $-1.98 | $-1.79 | 62.1% | 58.2% |
| Free Cash Flow | -$102M | -$66M | -$50M | -54.7% | -106.5% |
| Item | Amount |
|---|---|
| REVENUE | $203M |
| Cost of Revenue | $16M |
| GROSS PROFIT | $187M |
| R&D Expenses | $93M |
| Selling & Marketing | $0 |
| General & Administrative | $92M |
| SG&A Expenses | $92M |
| Other Expenses | $2M |
| Operating Expenses | $186M |
| Cost & Expenses | $203M |
| OPERATING INCOME | $447.8K |
| Interest Income | -$78M |
| Interest Expense | -$66M |
| Other Income/Expenses | -$44M |
| INCOME BEFORE TAX | -$44M |
| Income Tax Expense | $1M |
| 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 | $5M |
| EBIT | -$50M |
| EBITDA | -$44M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$45M |
| Depreciation & Amortization | $5M |
| Stock-Based Compensation | $31M |
| Deferred Income Tax | $1M |
| Other Non-Cash Items | -$42M |
| Change in Working Capital | -$52M |
| OPERATING CASH FLOW | -$102M |
| Capital Expenditure | -$447.8K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | -$1.2K |
| Other Investing Activities | $42.1K |
| NET CASH FROM INVESTING | -$449.0K |
| Net Debt Issuance | -$3M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$19M |
| NET CASH FROM FINANCING | $101.7K |
| FREE CASH FLOW | -$102M |
| Net Change in Cash | -$77M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $654M |
| Short-Term Investments | $0 |
| Net Receivables | $194M |
| Inventory | $346M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.2B |
| PP&E (Net) | $115M |
| Goodwill | $4M |
| Intangible Assets | $623.2K |
| Long-Term Investments | $16M |
| Tax Assets | $0 |
| Other Non-Current Assets | $3M |
| TOTAL NON-CURRENT ASSETS | $139M |
| TOTAL ASSETS | $1.4B |
| Account Payables | $113M |
| Short-Term Debt | $575M |
| Deferred Revenue | $1M |
| Other Current Liabilities | $372M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $427M |
| Deferred Revenue NC | $6M |
| Deferred Tax Liabilities | $8M |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $441M |
| TOTAL LIABILITIES | $1.5B |
| Common Stock | $10M |
| Additional Paid-In Capital | $2.9B |
| Retained Earnings | -$3.0B |
| Treasury Stock | -$132.1K |
| Accum. Other Comp. Income | $2M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$124M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$124M |
| TOTAL LIABILITIES & EQUITY | $1.4B |
| Total Debt | $1.0B |
| Net Debt | $347M |
