| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $56M | $43M | $72M | 29.9% | -22.4% |
| Op. Income | -$26M | -$22M | -$58M | -18.3% | 55.3% |
| Gross Margin | 31.3% | 44.4% | 38.0% | -13.1pp | -6.7pp |
| Net Margin | -46.0% | -49.3% | -78.9% | 3.3pp | 32.9pp |
| EPS (Diluted) | $-3.23 | $-2.68 | $-7.39 | -20.5% | 56.3% |
| Free Cash Flow | -$12M | -$12M | -$6M | 0.3% | -99.6% |
| Item | Amount |
|---|---|
| REVENUE | $56M |
| Cost of Revenue | $38M |
| GROSS PROFIT | $17M |
| R&D Expenses | $0 |
| Selling & Marketing | $12M |
| General & Administrative | $29M |
| SG&A Expenses | $41M |
| Other Expenses | $2M |
| Operating Expenses | $43M |
| Cost & Expenses | $82M |
| OPERATING INCOME | -$26M |
| Interest Income | $497.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $1M |
| INCOME BEFORE TAX | -$25M |
| Income Tax Expense | $994.0K |
| Net Income from Continuing Ops | -$26M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$26M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$26M |
| D&A | $2M |
| EBIT | -$24M |
| EBITDA | -$22M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$26M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $3M |
| Deferred Income Tax | $519.0K |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $7M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | -$1M |
| Acquisitions (Net) | $2M |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $47.0K |
| NET CASH FROM INVESTING | $586.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $104.0K |
| FREE CASH FLOW | -$12M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $67M |
| Short-Term Investments | $0 |
| Net Receivables | $14M |
| Inventory | $44M |
| Other Current Assets | $1M |
| TOTAL CURRENT ASSETS | $131M |
| PP&E (Net) | $56M |
| Goodwill | $0 |
| Intangible Assets | $42.0K |
| Long-Term Investments | $200.0K |
| Tax Assets | $0 |
| Other Non-Current Assets | $2M |
| TOTAL NON-CURRENT ASSETS | $58M |
| TOTAL ASSETS | $189M |
| Account Payables | $11M |
| Short-Term Debt | $0 |
| Deferred Revenue | $4M |
| Other Current Liabilities | $6M |
| TOTAL CURRENT LIABILITIES | $44M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $29.0K |
| TOTAL NON-CURRENT LIABILITIES | $43M |
| TOTAL LIABILITIES | $87M |
| Common Stock | $1.0K |
| Additional Paid-In Capital | $592M |
| Retained Earnings | -$485M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$6M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $102M |
| Minority Interest | $0 |
| TOTAL EQUITY | $102M |
| TOTAL LIABILITIES & EQUITY | $189M |
| Total Debt | $54M |
| Net Debt | -$13M |
