| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $4M | — | $5M | — | -30.4% |
| Op. Income | -$68M | — | -$54M | — | -24.8% |
| Gross Margin | -1412.2% | — | 100.0% | — | -1512.2pp |
| Net Margin | -1398.4% | — | -921.0% | — | -477.4pp |
| EPS (Diluted) | $-0.74 | — | $-1.16 | — | 36.2% |
| Free Cash Flow | -$10M | — | -$47M | — | 79.4% |
| Item | Amount |
|---|---|
| REVENUE | $4M |
| Cost of Revenue | $56M |
| GROSS PROFIT | -$52M |
| R&D Expenses | $50M |
| Selling & Marketing | $0 |
| General & Administrative | $21M |
| SG&A Expenses | $21M |
| Other Expenses | -$56M |
| Operating Expenses | $15M |
| Cost & Expenses | $71M |
| OPERATING INCOME | -$68M |
| Interest Income | $10M |
| Interest Expense | $52.0K |
| Other Income/Expenses | $15M |
| INCOME BEFORE TAX | -$53M |
| Income Tax Expense | -$1M |
| Net Income from Continuing Ops | -$52M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $15.2K |
| NET INCOME | -$52M |
| Net Income Deductions | -$480.8K |
| BOTTOM LINE NET INCOME | -$51M |
| D&A | $2M |
| EBIT | -$68M |
| EBITDA | -$66M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$52M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $10M |
| Deferred Income Tax | -$1M |
| Other Non-Cash Items | -$4M |
| Change in Working Capital | $36M |
| OPERATING CASH FLOW | -$9M |
| Capital Expenditure | -$368.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$368.0K |
| Net Debt Issuance | -$42.0K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $2M |
| NET CASH FROM FINANCING | $203.0K |
| FREE CASH FLOW | -$10M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $880M |
| Short-Term Investments | $0 |
| Net Receivables | $36M |
| Inventory | $0 |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $929M |
| PP&E (Net) | $17M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $547.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $11M |
| TOTAL NON-CURRENT ASSETS | $28M |
| TOTAL ASSETS | $957M |
| Account Payables | $16M |
| Short-Term Debt | $0 |
| Deferred Revenue | $10M |
| Other Current Liabilities | $36M |
| TOTAL CURRENT LIABILITIES | $67M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $91M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $1M |
| TOTAL NON-CURRENT LIABILITIES | $97M |
| TOTAL LIABILITIES | $164M |
| Common Stock | $890.0K |
| Additional Paid-In Capital | $1.5B |
| Retained Earnings | -$681M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $119.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $793M |
| Minority Interest | $0 |
| TOTAL EQUITY | $793M |
| TOTAL LIABILITIES & EQUITY | $957M |
| Total Debt | $9M |
| Net Debt | -$870M |
