| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $1M | — | 40.8% |
| Op. Income | -$4M | — | -$4M | — | -3.1% |
| Gross Margin | 18.8% | — | -2.6% | — | 21.4pp |
| Net Margin | -612.7% | — | -274.1% | — | -338.6pp |
| EPS (Diluted) | $-0.43 | — | $-0.10 | — | -344.7% |
| Free Cash Flow | -$3M | — | -$2M | — | -54.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $350.0K |
| R&D Expenses | $980.0K |
| Selling & Marketing | $133.0K |
| General & Administrative | $2M |
| SG&A Expenses | $2M |
| Other Expenses | $2M |
| Operating Expenses | $5M |
| Cost & Expenses | $6M |
| OPERATING INCOME | -$4M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | -$8M |
| INCOME BEFORE TAX | -$12M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$12M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$11M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$11M |
| D&A | $111.3K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$11M |
| Depreciation & Amortization | $210.0K |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $10M |
| Change in Working Capital | -$2M |
| OPERATING CASH FLOW | -$3M |
| Capital Expenditure | -$29.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$29.4K |
| Net Debt Issuance | -$530.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$4M |
| NET CASH FROM FINANCING | $12M |
| FREE CASH FLOW | -$3M |
| Net Change in Cash | $10M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $14M |
| Short-Term Investments | $206.0K |
| Net Receivables | $2M |
| Inventory | $796.0K |
| Other Current Assets | $0 |
| TOTAL CURRENT ASSETS | $17M |
| PP&E (Net) | $2M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $200.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $0 |
| TOTAL NON-CURRENT ASSETS | $2M |
| TOTAL ASSETS | $19M |
| Account Payables | $2M |
| Short-Term Debt | $826.0K |
| Deferred Revenue | $0 |
| Other Current Liabilities | $9M |
| TOTAL CURRENT LIABILITIES | $12M |
| Long-Term Debt | $108.0K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $147.0K |
| TOTAL NON-CURRENT LIABILITIES | $496.0K |
| TOTAL LIABILITIES | $12M |
| Common Stock | $83M |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$100M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$549.0K |
| Other Equity | $32M |
| TOTAL STOCKHOLDERS' EQUITY | $14M |
| Minority Interest | -$7M |
| TOTAL EQUITY | $7M |
| TOTAL LIABILITIES & EQUITY | $19M |
| Total Debt | $1M |
| Net Debt | -$12M |
