| Metric | Q4 2024 | Q3 2024 | Q4 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $69M | — | $115M | — | -39.9% |
| Op. Income | -$521M | — | $4M | — | -14026.9% |
| Gross Margin | 7.4% | — | 23.5% | — | -16.2pp |
| Net Margin | -770.7% | — | -4.4% | — | -766.3pp |
| EPS (Diluted) | $-3.22 | — | $-0.05 | — | -7008.2% |
| Free Cash Flow | -$373M | — | $0 | — | — |
| Item | Amount |
|---|---|
| REVENUE | $69M |
| Cost of Revenue | $64M |
| GROSS PROFIT | $5M |
| R&D Expenses | $23M |
| Selling & Marketing | $2M |
| General & Administrative | $18M |
| SG&A Expenses | $20M |
| Other Expenses | $483M |
| Operating Expenses | $526M |
| Cost & Expenses | $590M |
| OPERATING INCOME | -$521M |
| Interest Income | $0 |
| Interest Expense | $10M |
| Other Income/Expenses | -$12M |
| INCOME BEFORE TAX | -$533M |
| Income Tax Expense | -$761.0K |
| Net Income from Continuing Ops | -$532M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$532M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$532M |
| D&A | $25M |
| EBIT | -$521M |
| EBITDA | -$496M |
| EPS | -$3 |
| EPS Diluted | -$3 |
| Item | Amount |
|---|---|
| Net Income | -$532M |
| Depreciation & Amortization | $25M |
| Stock-Based Compensation | $9M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $484M |
| Change in Working Capital | -$310M |
| OPERATING CASH FLOW | -$325M |
| Capital Expenditure | -$48M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $38M |
| NET CASH FROM INVESTING | -$10M |
| Net Debt Issuance | -$17M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $539M |
| NET CASH FROM FINANCING | $523M |
| FREE CASH FLOW | -$373M |
| Net Change in Cash | $185M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $476M |
| Short-Term Investments | $82M |
| Net Receivables | $25M |
| Inventory | $65M |
| Other Current Assets | $301M |
| TOTAL CURRENT ASSETS | $949M |
| PP&E (Net) | $388M |
| Goodwill | $36M |
| Intangible Assets | $83M |
| Long-Term Investments | $38M |
| Tax Assets | $6M |
| Other Non-Current Assets | $57M |
| TOTAL NON-CURRENT ASSETS | $608M |
| TOTAL ASSETS | $1.6B |
| Account Payables | $31M |
| Short-Term Debt | $208M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $801M |
| TOTAL CURRENT LIABILITIES | $1.1B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $90M |
| Deferred Tax Liabilities | $17M |
| Other Non-Current Liabilities | $2M |
| TOTAL NON-CURRENT LIABILITIES | $181M |
| TOTAL LIABILITIES | $1.3B |
| Common Stock | $0 |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$649M |
| Treasury Stock | -$161M |
| Accum. Other Comp. Income | $1.1B |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $277M |
| Minority Interest | $0 |
| TOTAL EQUITY | $277M |
| TOTAL LIABILITIES & EQUITY | $1.6B |
| Total Debt | $286M |
| Net Debt | -$190M |
