| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $86M | $102M | $119M | -15.5% | -27.4% |
| Op. Income | -$33M | -$13M | -$60M | -152.8% | 45.5% |
| Gross Margin | 70.5% | 67.3% | 62.2% | 3.1pp | 8.3pp |
| Net Margin | -40.0% | -11.7% | -54.7% | -28.3pp | 14.6pp |
| EPS (Diluted) | $-5.04 | $-1.75 | $-10.31 | -188.0% | 51.1% |
| Free Cash Flow | -$7M | $53.0K | -$9M | -13867.9% | 19.2% |
| Item | Amount |
|---|---|
| REVENUE | $86M |
| Cost of Revenue | $25M |
| GROSS PROFIT | $61M |
| R&D Expenses | $22M |
| Selling & Marketing | $39M |
| General & Administrative | $12M |
| SG&A Expenses | $51M |
| Other Expenses | $21M |
| Operating Expenses | $94M |
| Cost & Expenses | $119M |
| OPERATING INCOME | -$33M |
| Interest Income | $0 |
| Interest Expense | $2M |
| Other Income/Expenses | -$2M |
| INCOME BEFORE TAX | -$35M |
| Income Tax Expense | -$5.0K |
| Net Income from Continuing Ops | -$35M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$35M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$35M |
| D&A | $16M |
| EBIT | -$33M |
| EBITDA | -$17M |
| EPS | -$5 |
| EPS Diluted | -$5 |
| Item | Amount |
|---|---|
| Net Income | -$35M |
| Depreciation & Amortization | $16M |
| Stock-Based Compensation | $4M |
| Deferred Income Tax | $3.0K |
| Other Non-Cash Items | $23M |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$7M |
| Capital Expenditure | -$568.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$568.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$46.0K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$7M |
| Net Change in Cash | -$12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $20M |
| Short-Term Investments | $100.0K |
| Net Receivables | $1M |
| Inventory | $16M |
| Other Current Assets | $32M |
| TOTAL CURRENT ASSETS | $79M |
| PP&E (Net) | $16M |
| Goodwill | $65M |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $96M |
| TOTAL ASSETS | $175M |
| Account Payables | $10M |
| Short-Term Debt | $10M |
| Deferred Revenue | $77M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $128M |
| Long-Term Debt | $10M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $1.0K |
| Other Non-Current Liabilities | $7M |
| TOTAL NON-CURRENT LIABILITIES | $19M |
| TOTAL LIABILITIES | $146M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $672M |
| Retained Earnings | -$644M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$49.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $28M |
| Minority Interest | $0 |
| TOTAL EQUITY | $28M |
| TOTAL LIABILITIES & EQUITY | $175M |
| Total Debt | $22M |
| Net Debt | $2M |
