| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | $2M | $2M | -6.1% | -0.3% |
| Op. Income | -$3M | -$2M | -$2M | -49.3% | -25.8% |
| Gross Margin | 22.3% | 38.7% | 18.1% | -16.4pp | 4.2pp |
| Net Margin | -134.4% | -85.1% | -107.2% | -49.3pp | -27.2pp |
| EPS (Diluted) | $-6.00 | $-4.80 | $-7.80 | -25.0% | 23.1% |
| Free Cash Flow | -$2M | -$2M | -$2M | 2.4% | -4.6% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $2M |
| GROSS PROFIT | $491.8K |
| R&D Expenses | $518.2K |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $3M |
| Other Expenses | $0 |
| Operating Expenses | $3M |
| Cost & Expenses | $5M |
| OPERATING INCOME | -$3M |
| Interest Income | $4.1K |
| Interest Expense | $25.0K |
| Other Income/Expenses | -$20.3K |
| INCOME BEFORE TAX | -$3M |
| Income Tax Expense | $0 |
| Net Income from Continuing Ops | -$3M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$3M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$3M |
| D&A | $153.6K |
| EBIT | -$3M |
| EBITDA | -$3M |
| EPS | -$6 |
| EPS Diluted | -$6 |
| Item | Amount |
|---|---|
| Net Income | -$3M |
| Depreciation & Amortization | $153.6K |
| Stock-Based Compensation | $234.1K |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $0 |
| Change in Working Capital | $902.0K |
| OPERATING CASH FLOW | -$2M |
| Capital Expenditure | -$1 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$1 |
| Net Debt Issuance | -$187.9K |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $27.8K |
| NET CASH FROM FINANCING | $2M |
| FREE CASH FLOW | -$2M |
| Net Change in Cash | $348.7K |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1M |
| Short-Term Investments | $0 |
| Net Receivables | $1M |
| Inventory | $27.6K |
| Other Current Assets | $147.2K |
| TOTAL CURRENT ASSETS | $3M |
| PP&E (Net) | $2M |
| Goodwill | $1M |
| Intangible Assets | $775.1K |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $19.7K |
| TOTAL NON-CURRENT ASSETS | $4M |
| TOTAL ASSETS | $7M |
| Account Payables | $987.3K |
| Short-Term Debt | $171.7K |
| Deferred Revenue | $24.4K |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $3M |
| Long-Term Debt | $20.2K |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $0 |
| TOTAL NON-CURRENT LIABILITIES | $806.7K |
| TOTAL LIABILITIES | $4M |
| Common Stock | $106.6K |
| Additional Paid-In Capital | $56M |
| Retained Earnings | -$54M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $3M |
| Minority Interest | $0 |
| TOTAL EQUITY | $3M |
| TOTAL LIABILITIES & EQUITY | $7M |
| Total Debt | $2M |
| Net Debt | $395.9K |
