| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $24M | $36M | $39M | -33.9% | -38.2% |
| Op. Income | -$16M | -$859.0K | -$17M | -1789.2% | 2.2% |
| Gross Margin | 30.6% | 33.8% | 31.7% | -3.1pp | -1.1pp |
| Net Margin | -69.6% | -8.4% | -45.5% | -61.2pp | -24.1pp |
| EPS (Diluted) | $-51.84 | $-10.32 | $-55.62 | -402.3% | 6.8% |
| Free Cash Flow | $1M | $5M | $2M | -73.4% | -36.6% |
| Item | Amount |
|---|---|
| REVENUE | $24M |
| Cost of Revenue | $17M |
| GROSS PROFIT | $7M |
| R&D Expenses | $948.0K |
| Selling & Marketing | $0 |
| General & Administrative | $23M |
| SG&A Expenses | $23M |
| Other Expenses | $0 |
| Operating Expenses | $24M |
| Cost & Expenses | $40M |
| OPERATING INCOME | -$16M |
| Interest Income | $0 |
| Interest Expense | $3M |
| Other Income/Expenses | -$3M |
| INCOME BEFORE TAX | -$19M |
| Income Tax Expense | -$3M |
| Net Income from Continuing Ops | -$17M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$17M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$17M |
| D&A | $14M |
| EBIT | -$17M |
| EBITDA | -$3M |
| EPS | -$52 |
| EPS Diluted | -$52 |
| Item | Amount |
|---|---|
| Net Income | -$17M |
| Depreciation & Amortization | $14M |
| Stock-Based Compensation | $156.0K |
| Deferred Income Tax | -$3M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $4M |
| OPERATING CASH FLOW | $2M |
| Capital Expenditure | -$227.0K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$227.0K |
| Net Debt Issuance | -$2M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | -$3M |
| FREE CASH FLOW | $1M |
| Net Change in Cash | -$2M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $8M |
| Short-Term Investments | $0 |
| Net Receivables | $18M |
| Inventory | $43M |
| Other Current Assets | $7M |
| TOTAL CURRENT ASSETS | $78M |
| PP&E (Net) | $10M |
| Goodwill | $0 |
| Intangible Assets | $26M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $790.0K |
| TOTAL NON-CURRENT ASSETS | $37M |
| TOTAL ASSETS | $115M |
| Account Payables | $21M |
| Short-Term Debt | $37M |
| Deferred Revenue | $9M |
| Other Current Liabilities | $5M |
| TOTAL CURRENT LIABILITIES | $77M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $15M |
| Deferred Tax Liabilities | $901.0K |
| Other Non-Current Liabilities | $29M |
| TOTAL NON-CURRENT LIABILITIES | $51M |
| TOTAL LIABILITIES | $128M |
| Common Stock | $0 |
| Additional Paid-In Capital | $119M |
| Retained Earnings | -$133M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $227.0K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$13M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$13M |
| TOTAL LIABILITIES & EQUITY | $115M |
| Total Debt | $46M |
| Net Debt | $38M |
